China’s pipeline reform creates $100 billion state-TSO, could push up prices

Monday, 03 February 2020

Keen to maximize China’s domestic oil and gas production and streamline imports, the government in Beijing’s is taking steps to bundle all onshore trunk pipelines owned by PetroChina, Sinopec Group and CNOOC into one single transmission system operator (TSO). Analysts reckon China’s new state TSO could be worth up to $105 billion and is likely to lead to higher end-user energy prices.


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