Factbox: China plans national oil, gas pipeline company under sector reform

Kunlun Energy

27/02/2019 10:32

SINGAPORE, Feb 27 (Reuters) - China will announce a plan
this year to form a national oil and gas pipeline group
combining the long-distance pipeline assets of the country's
state-owned energy companies, in the sector's largest reshuffle
in two decades, said three persons with knowledge of the plan.
 urn:newsml:reuters.com:*:nL3N20M2UD
    Below lists the country's oil and gas trunk lines, according
to company websites and state media reports.
 
    NATURAL GAS
    PetroChina operated by the end of 2017 a total of 82,374
km(51,185 miles) of oil and gas pipelines, including 51,315 km
of gas lines, 19,670 km of crude pipelines and 11,389 km of
refined fuel pipelines.
    Most of PetroChina's pipeline assets are under its unit
PetroChina Pipeline Company, in which PetroChina owns about 72.3
percent and the rest is held by minority stakeholders. The
pipeline company has total asset of 235.7 billion yuan ($35.25
billion).  
    Main units under the PetroChina Pipeline Co:
    
    - PetroChina Northwest United Pipeline Co. It operates
West-to-East No.3 project that starts at Khorgos in the Xinjiang
region and ends in Fuzhou on the south coast, spanning 10
provinces. Total length 5,220 km, annual volume 20 billion cubic
metres (bcm).
    
    - PetroChina Pipeline United Co Ltd operates western portion
of West-to-East No.2 project spanning Xinjiang region and Gansu
province. Total length 2,434 km. The unit also operates western
section of West-to-East No.1 project that runs through Xinjiang
and Gansu. Total length 2,008 km. Annual volume 38 bcm in 2016.
           
    - PetroChina East Pipeline Co: operator of eastern sections
of West-to-East projects No.1 and No.2. 
    
    PetroChina Beijing Gas Pipeline:
    It's unclear if the four trunk lines run by PetroChina
Beijing Gas Pipeline Co, also known as the Shanjing project,
that supplies gas from the Ordos basin to the Chinese capital
will be incorporated into the new entity. 
    With total assets of 35.6 billion yuan by end of 2016,
PetroChina's majority-controlled unit Kunlun Energy Co. Ltd
 0135.HK  owns 60 percent, while Beijing Enterprise Holdings
 0392.HK  owns the rest 40 percent. The Shanjing project pumped
40.2 bcm of gas in 2018, CNPC said. 
    
    Chuanyu Pipeline: 
    The country's most complete regional gas grid of about
42,000 km in the southwestern province of Sichuan and Chongqing
municipality, with annual transport capacity of 30 bcm.
      
    PetroChina Southwest Pipeline Co:
    It runs the domestic portion of Myanmar-China gas pipeline,
and regional trunk lines from Zhongwei to Guiyang and Guangzhou
and Nanning.
    
    Sinopec: 
    Flagship project Sichuan-Shanghai line in which the state
oil major owns 50 percent equity. State-run insurer China Life
owns 43.86 percent and the State Investment and Transport Co
6.14 percent. 
    The 2,270-km line connects Sichuan, Chongqing, Hubei,
Jiangxi, Anhui, Jiangsu, Zhejiang and Shanghai, with designed
annual transport capacity of 12 bcm. 
    
    CNOOC:
    The company is the leader in developing liquefied natural
gas terminals and has over the years focused on regional gas
grids in the southern provinces of Hainan, Guangdong and Fujian
and east China's Zhejiang province, operating and building a
combined 5,000-km of pipelines.
     
    CRUDE OIL
    
    PetroChina:
    Northeast line, 2,400-km long, connecting Daqing oilfield in
Heilongjiang province and Jilin oilfield in Jilin province, with
handling capacity of 40 million tonnes per year (tpy). 
    Northwest Shanshan-Lanzhou line, 1,562-km, connecting
Shanshan in Xinjiang and Lanzhou of Gansu province, annual
capacity 20 million tpy.
    Changqing-Hohohot line, 563-km, capacity 5 million tpy.
     
    Sinopec:
    The 850-km Yonghuning crude line connecting top refineries
in Ningbo, Shanghai and Nanjing. Capacity of 47 million tpy.
    The 560-km Yizheng-Changling line I with capacity of 20 
million tpy and a double line, 980-km long, with annual capacity
of 27 million tonnes. Both lines connect Sinopec's refineries
along the Yangtze river
    
    REFINED FUEL
    
    PetroChina:
    The 1,250-km Lanzhou-Chengdu-Chongqing pipeline, including 5
million tpy Lanzhou-Chengdu portion and 2.5 million tpy
Chengdu-Chongqing portion
    The 1,858-km Urumqi-Lanzhou line, 10 million tpy
    The 2,134-km Lanzhou-Zhengzhou-Changsha line, 15 million tpy
    The 679-km Dagang-Jinan-Zaozhuang line, 3 million tpy
    
    Sinopec:
    South China grid, total length 6,036 km, spanning Guangdong,
Guangxi and Hainan provinces; capacity 8.8 million tpy
 
($1 = 6.6858 Chinese yuan renminbi)

 (Compiled by Chen Aizhu in SINGAPORE and Zhang Min in BEIJING;
editing by Christian Schmollinger)
 ((aizhu.chen@thomsonreuters.com; +65 6870 3284; Reuters
Messaging: aizhu.chen.reuters.com@reuters.net))