Source:
https://scmp.com/business/commodities/article/1304252/cnpc-plans-630b-yuan-pipeline-boost
Business/ Commodities

CNPC plans 630b yuan pipeline boost

Two-thirds of nation's cities will be linked to energy giant's gas network over next decade

PetroChina's additional pipelines will deliver gas from Central Asia, as well as from Russia and mainland gas fields. Photo: Xinhua

China National Petroleum Corp (CNPC), the mainland's largest oil and gas producer, plans to spend 630 billion yuan (HK$791.8 billion) over the next decade to build four more long-distance gas pipelines that would see 65 per cent of the nation's cities connected to its network.

This is according to company veteran Wang Bingcheng, a former deputy head and chief engineer of Daqing Petroleum Administration Bureau, which ran the country's largest oilfield before the stock market listing of CNPC's main unit PetroChina.