A section of the China-Russia east-route natural gas pipeline in Heihe, northeast China’s Heilongjiang province. Photo: Xinhua
China’s state-owned pipeline giant agrees to buy Kunlun Energy assets for US$6.3 billion as consolidation gathers steam
- Kunlun Energy, a PetroChina subsidiary, will sell a 60 per cent stake in a Beijing gas pipeline and a 75 per cent stake in its Dalian LNG company to PipeChina
- PipeChina will pay for the Kunlun Energy assets in cash in two instalments
A section of the China-Russia east-route natural gas pipeline in Heihe, northeast China’s Heilongjiang province. Photo: Xinhua
