$457 million premium paid for bringing China's pipeline network under one roof

PIPELINE TECHNOLOGY JOURNAL | Facilitating Beijing's drive to consolidate China's vast pipeline infrastructure, the Politburo - the nexus of all political power in China - has created the China Oil & Gas Pipeline Network (PipeChina).  

The new company is part of the country’s efforts to allow its energy companies to focus on boosting exploration and production. Combining China’s pipeline infrastructure into one firm and opening access to this infrastructure to foreign and private producers would help the state oil and gas firms to focus on exploration at a time when China aims to increase its domestic production.

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