China to create national oil and gas pipeline company

China announced the creation of a national oil and gas pipeline company.

The government will reportedly merge the networks operated by its three state-owned giants under a single company, an important step toward removing barriers that have hampered domestic production, and which dovetails with efforts to use more gas instead of coal.

The move marks a “key step” in China’s efforts to deepen reforms of its oil and gas sector, the official Xinhua News Agency said on Monday.

Source / Further information : Xinhua News Agency

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