China's new pipeline network shakes up its natural gas dynamics

Beijing rejiggers relics from planned-economy era into efficient infrastructure

20210702 Caixin China LNG AP_20208180562119

The ground is shifting under China's three energy majors, China National Petroleum Corp. (CNPC), China Petrochemical Corp. (Sinopec) and China National Offshore Oil Corp. (CNOOC). © AP

LUO GUOPING, ZHAO XUAN and YANG GE, Caixin

China's recent love affair with natural gas is taking a new twist, following last year's creation of a national pipeline network.

The shift in recent months has been shaking China's three energy majors, China National Petroleum Corp. (CNPC), China Petrochemical Corp. (Sinopec) and China National Offshore Oil Corp. (CNOOC). Each suddenly found its position greatly altered after the latest rejig that created a modern national distribution network accessible to all.

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