New central SOE set up to manage oil, gas pipelines

Time:2019-12-10 09:52:51      Source:China.org.cn

China on Monday set up a new centrally-administered state-owned enterprise (SOE), the China Oil & Gas Piping Network Corporation.

The company will partly be responsible for the investment, construction and interconnection of main oil and gas pipelines to form a nationwide network, allowing to transport crude oil, refined oil and natural gas through the network, it said.

Aiming to forge an oil and gas market with effective transport through a unified pipeline network, the establishment of the central SOE is an important step forward in promoting the reform of China's oil and gas system.

By interconnecting the country's oil and gas pipelines, the company will help raise the allocation efficiency of oil and gas resources and ensure safe and stable energy supply.

Index RMB/t DoD Basis Date
Datong 5500 390 0 ex-mine 08-10
Shuozhou 5200 420 0 FOR 08-10
Ordos 5500 350 0 ex-mine 08-10
Yulin 6200 385 -20 ex-mine 08-10
Liulin Low-sulphur 815 0 ex-mine 08-10
Gujiao Low-sulphur 1240 0 FOR 08-10
Xingtai Low-sulphur 1540 0 ex-Factory 08-10
Yangquan PCI 720 0 FOR 08-10
Index RMB/t WoW WoW% Date
Qinhuangdao 562.0 36.0 6.84 08-06
Caofeidian 399.0 -22.0 -5.23 08-06
Huanghua 200.7 -6.9 -3.32 08-06
Guangzhou 256.7 -14.2 -5.24 08-06
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2468.5 47.0 1.94 08-06
Yangtze River delta 1382.0 -16.0 -1.14 08-06
South Ports 3198.5 -74.0 -2.26 08-06
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