China's Kunlun Energy starts gas pipeline project in Tianjin - CNPC

Kunlun Energy

27/09/2019 04:35

BEIJING, Sept 27 (Reuters) - 
    * Energy giant China National Petroleum Corp (CNPC) said on
Friday
its unit Kunlun Energy  0135.HK  began a natural gas pipeline
project in Tianjin on Sept. 11, with an expected daily
transmission capacity of 3.3 million cubic metres.
    * The Baodi Natural Gas Utilization Project will supply gas 
to
industrial and business users and 450,000 homes in the districts
of Baodi, Ninghe and Jizhou in the northern municipality of
Tianjin.
    * CNPC said as part of China's move from "coal to gas", the
three
districts had shifted to imported liquefied natural gas (LNG)
for daily activities, but high operation and transport costs
made it tough to satisfy rising natural gas demand in Tianjin.
    * CNPC expects the Baodi natural gas project to help China
control
air pollution in the Beijing-Tianjin-Hebei region. 
    * The project would also support Tianbao Industrial Park and
Tianjin Zhongguancun Science Park, set to be built later in
Baodi.
    * Kunlun Energy  0135.HK  Co Ltd is controlled by CNPC's
listed
unit, PetroChina  0857.HK   601857.SS .

    

 (Reporting by Shivani Singh and Beijing Newsroom; Editing by
Aditya Soni 
)
 ((ShivaniSingh2@thomsonreuters.com; +861056692115; Reuters
Messaging: shivanisingh2.thomsonreuters.com@reuters.net))