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PetroChina officially splits gas sales and pipeline business

Apr 16,2021

On November 25, PetroChina held a video conference on the mobilization of natural gas sales management system reform in Beijing to mobilize and deploy the reform of natural gas sales management system. According to the decision-making and deployment of the party group of the group company, this reform implements a two-level management structure of "natural gas sales branch-regional natural gas sales branch" for the natural gas sales business. Among them, the natural gas sales branch is responsible for the management and operation of the company's natural gas business, which is managed as a directly affiliated enterprise; five regional natural gas sales branches in the north, east, west, southwest, and south are established as its affiliated institutions, and the regional natural gas branch is set up as its dispatched agency. The provincial representative office is set up under the branch. In this regard, Xu Wenrong, member of the party group and deputy general manager of CNPC, pointed out that promoting the reform of the natural gas sales management system is a major measure to implement the central decision and deployment, an urgent need to adapt to the change of the domestic natural gas market competition pattern, and an inevitable requirement to realize the strategic goal of natural gas development of CNPC. (transferred from Securities Daily) according to the decision-making and deployment of the party group of the group company, this reform implements a two-level management structure of "natural gas sales branch-regional natural gas sales branch" for natural gas sales business. In this regard, Xu Wenrong, member of the party group and deputy general manager of CNPC, pointed out that promoting the reform of the natural gas sales management system is a major measure to implement the central decision and deployment, an urgent need to adapt to the change of the domestic natural gas market competition pattern, and an inevitable requirement to realize the strategic goal of natural gas development of CNPC. (Transposted from Securities Daily)

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