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PetroChina Parent to Expand Oil, Gas Pipeline Network by 80% in 2011-2015

China National Petroleum Corp., the country’s largest energy company, will expand its network of oil and natural gas pipelines by 80 percent in the five years through 2015 to supply the world’s fastest-growing major economy

PetroChina Parent to Expand Oil, Gas Pipeline Network by 80% in 2011-2015

The parent of Hong Kong-listed PetroChina Co. plans to add 40,000 kilometers (25,000 miles) of pipelines to its existing network of 50,000 kilometers, CNPC said in its online newsletter.

China, the world’s biggest energy consumer, is laying pipelines to distribute resources from the country’s western regions to users in eastern provinces on the coast. CNPC built 18,000 kilometers of pipelines in the five years started 2006, according to data from today’s announcement.

CNPC operates 70 percent of China’s oil pipelines and 90 percent of its gas links currently, according to the company.

China began receiving gas by pipeline from Turkmenistan in December last year and started production at Puguang gas field in the southwestern province of Sichuan in October 2009.

Source : Bloomberg


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