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China Begins Consolidation Of $100+ Billion Oil & Gas Pipeline Industry

China Begins Consolidation Of $100+ Billion Oil & Gas Pipeline Industry thumbnail

China has required the three biggest state-held oil corporations to transfer the management of half of their liquefied natural gas (LNG) terminals to the newly created state-controlled midstream firm, Caixin Global reported, citing industry insiders.

The transfer of 10 LNG terminals owned by China National Petroleum Corporation (CNPC), Sinopec, and China National Offshore Oil Corporation (CNOOC) is the first step in China’s plan to consolidate the oil and gas pipeline infrastructure into a new giant state-held midstream company.

At the end of last year, China launched the long-mooted state oil and gas pipeline group combining the infrastructure assets of the state-owned energy majors into one huge midstream group, which analysts say could be worth between US$80 billion and US$105 billion.

The new company is part of China’s efforts to allow its energy companies to focus on boosting exploration and production. Combining China’s pipeline infrastructure into one firm and opening access to this infrastructure to foreign and private producers would help the state oil and gas firms to focus on exploration at a time when China aims to increase its domestic production.

Earlier this year, CNOOC said it had signed with the new state pipeline giant to transfer to it the management of oil and gas infrastructure projects.

The ten LNG terminals that are set to be transferred to the new company include seven terminals currently managed by CNOOC, two terminals managed by CNPC, and one by Sinopec, according to Caixin.

The new state pipeline giant, China Oil & Gas Piping, will initially only have the right to manage the assets, while the oil and gas majors will still own the assets until audits are finalized. After the transfer of the LNG terminals to the new company, there still will be 11 other LNG facilities that will continue to be managed by the three oil and gas majors, Caixin’s sources said.

By Tsvetana Paraskova for Oilprice.com



69 Comments on "China Begins Consolidation Of $100+ Billion Oil & Gas Pipeline Industry"

  1. Davy on Wed, 10th Jun 2020 6:30 pm 

    “I think it is hilarious that Delusional Davy sees me everywhere and thinks everyone is me. I am like Negan from TWD; everyone is me! ROFLMFAO!”

    LOL, juanPee, more of your multiple personality disorder. You don’t want others to know you are a personality lie.

    “ I really got inside your head, didn’t I, Exceptionalist? I told you you shouldn’t pick a fight with me because you would lose it.

    Your projecting zero juan. You are the obsessed stalker. I told you to ignore me and I will ignore you and all this pain you feel will go away. You can go ahead and be a lunatic I won’t care. If you continue to fuck with me I will enjoy everyday that I expose your nonsense and low IQ.

    “You didn’t just lose the fight, either, you lost what little mental health you had left, too. I LITERALLY drove you crazy! You wanna know the funny part? I knew what I was doing and I did it on purpose because I am a mean son of a bitch. It’s been really fun fucking with you, son of a whore and a pimp! LOL!”

    Projecting again zero juan. You didn’t do anything on purpose because you don’t know what you are doing. I will continue to discredit and disgrace you and your stupid friends Wak and annoymouse.

  2. Davy on Wed, 10th Jun 2020 6:37 pm 

    “Exceptionalturd, you sure know how cram the maximum amount of stupidity into yours, and everyone’s day here, we have to give you that much credit. Just think if you actually spent even a fraction of that effort, doing something useful around your fantasy. Like feeding and watering any surviving animals still trapped there? “

    Come on annoymouse, you are anonymous because you have no life. Your personality is like a limp dick. You are obsessed and stalk me daily because I triggered you. I have busted your balls so many times you can’t stand it. Every day is the same you whine about me. I am so glad I fuck your days up. It is a real please to fuck up an asshole wet coast Kanadian. You guys belong with the liberal fucks going berserk in the States.

    “Would that be an idea? Or maybe not, since you clearly cant afford to miss even one instance of calling someone a ‘JunaP’ sock.”

    For being the board self-described sock cop you sure are stupid. Zero juan has you fooled like he has Mak the Wak fooled. You guys really are the bottom of the bucket of dumbass.

    “When 90% of your amerikan stupidity, is dedicated soley to calling everyone a ‘JuanP’ sock, you just know you’ve got problems between the ears. The other 10% of your crap, is, little better so, dont go thinking you do 1/10 things half-right. You dont. Dumbass.”

    It is great to irritate you dumbfucks so get used to it. It is not much trouble on my part. I love fucking up an asshole’s day.

  3. Anonymouse on Wed, 10th Jun 2020 6:37 pm 

    He has gone completely mad. And I dont mean as in upset. I mean as in stark-raving. He sees you everywhere, every waking hour and minute. So much so, he actually figured out how to register in the actual forum for no other reason than to try and get you banned by making multiple fake nuisance posts under your name.

    Total lunatic.

  4. Davy on Wed, 10th Jun 2020 6:39 pm 

    OK, I wonder where the third dumbass is? LMFAO Mak the Wak will be up soon to whine and bitch. I will show him the door too. Then he will say he is in the land of the eternal sun crap. This forum really has gone into the gutter.

  5. Davy on Wed, 10th Jun 2020 6:42 pm 

    “He has gone completely mad. And I dont mean as in upset. I mean as in stark-raving. He sees you everywhere, every waking hour and minute. So much so, he actually figured out how to register in the actual forum for no other reason than to try and get you banned by making multiple fake nuisance posts under your name. Total lunatic.”

    LMFAO. See like I said whine and complain about how fucking stupid he is for being obsessed and stalking me daily now for years. I am so glad your life is a dull boring waste.

  6. makati1 on Wed, 10th Jun 2020 7:06 pm 

    “This Thing Is Actually Real” – US Army Accidentally Reveals New Hypersonic Missile
    Aviation Week said there was a reference to the Vintage Racer program in Defense Department budget justification documents but went unnoticed by many: “Under a line item owned by the Office of Secretary of Defense for a “quick reaction fund,” Vintage Racer is described as a “recent success story.” “The project successfully validated aerodynamic design with wind tunnel testing and integrated a guidance subsystem for targeted kinetic effects before culminating in a fiscal 2019 flight test. Documentation and prototype technologies transitioned to the U.S. Army for additional development and follow-on acquisition activities,” according to budget documents. Dmitry Stefanovitch, an expert at the Moscow-based Russian International Affairs Council, said the new weapon could be designed to target ICBM launchers deep behind enemy lines. “The fear is that [this] hypersonic ‘something’ might reach the patrol area of road-mobile ICBM launchers [after] penetrating any possible air and missile defense, and then dispense loitering submunitions that will find launchers in the forests,” said Stefanovitch.

    https://www.zerohedge.com/technology/thing-actually-real-us-army-accidentally-reveals-plan-hypersonic-missiles

  7. Davy on Wed, 10th Jun 2020 8:03 pm 

    I have really driven the site into the gutter. I. I am a dull and boring waste of a life. I love being an asshole and fucking around all day.

  8. zero juan on Wed, 10th Jun 2020 8:05 pm 

    JuanP on Wed, 10th Jun 2020 8:03 pm

    I have really driven the site into the gutter. I. I am a dull and boring waste of a life. I love being an asshole and fucking around all day.

  9. zero davy on Wed, 10th Jun 2020 9:14 pm 

    zero davy on 10th Jun 2020 8:05 pm

    I have really driven the site into the gutter. I am a dull and boring waste of a life. I love being an asshole and fucking around all day.

  10. supremacist muzzies jerk hello my name is debbie this is my first attempt eharmoney i love cats i love every kind of cats but i cant hugs all cats im a cats lover and i love to run sry im being emotional im thinking about cats again i love cats on Wed, 10th Jun 2020 10:15 pm 

    this is equivalence to classical musics playing to your ears. It’s a space/time filler before teh big announcement that may never come.

    this is my master treaties. i don’t waste time on this forum. it’s lame. this treaties is about love for supremacist muzzies

    Philadelphia: muzziec says demonstrations are useless, fighting and bloodshed are needed

    muzzie bribe went with isis to make babies and now want to go back. what the world going to. this is ok but supertard big muzzie beard SAWS swt pbuh is banned from UK and harrassed by AA.

    muzzie curse kufar in vice documentary about ramadan but subtitle is excluded for the love of supremacist muzzie. this happens in deerfield michigan. muzzie said it’s peaceful but at the end acted as if typical soft and cudly muzzies do. very ironic

    the knights of columbus were real head breakers true guineas 70,000 years after an irishman could not get a job we got the presidency may he rest in peace. the kennedies were muzie lovers so (((supremetard))) didnt’ favor them and they died slowly.

    but now the irishman is back and whitey supertard president general michael flynn (the honest one) is going to love muzzies and amputate them all. love can be in many forms and bringing muzzies closer to muhamad the pedifler to get virgins and boys is a form of ultimate love.

    one has to wonder why little tiny small big brother joe supertard president saint never mentioned whitey supertard president general michael flynn and why the investigation wasn’t about muzzies but that’s the goal, destroy muzzie lovers by going after them in some other ways – like love for putin

    and now we have new saints. saint jorge and saint amauid “muzzie” abery. the protests is full of muzzies doing security and we have our first catholic muzzie saint.

    cui bono? one wonder the extend of muzzie infiltration and why did little small tiny big brother joe supertard president saint “reverted” to muzzie like whitey supertard president john brennen was rumoured to

    ramadan 2020 wasvery peaceful with 175 kabooms and 718 went to see muhadmad the pedifler.

    muzzies get extra credits during this time so when they go for your neck, muzzie only being friendly. this actual advice is not mine though

    and now the muzzielove virus with corona. corona is a (((supremetard))) beer. pay close attention, there’s a cross in the logo. so why muzzies destroy it? we need to go back to whitey supertard scientfic supremacist “thunderf00t” who should be amputated for muzzie lovin and spreading scientific supremacism. when this whitey supertard imposed self quarantine i said it smellz. that was many moons ago and i was first as usual to smell BS 20000 light years away.

    then we have whitey supertard “royal” instituiotn who ran model predicting muzzielove virus. then admited it wrong and went to boink married gf and lost job.

    ask yourslef if someone speak exclusively high british english, chances are they love muzzies? of course they love muzies and that’s why i’m pushing low english. it’s more trustworthy. muzzies benefits in all this.

    churches closed but muzzie mosque open. and all the rapes in UK was “by all ethics” no mention of muzzies which brexit about to amputate.

    supertard big muzzie beard SAWS pbuh swt reported muzzies in ger comprise of 40% of jizya payment to the tune of 4 billion euros per month. with that money they could go REAL GREEN or FAKE GREEN, it doesn’t matter that would’d been prosperious without the rapey rapey and stabby muzzies. The scale of jizya is incredible. it’s all out in the open if you just listen to the UK muzzie andy choudary.

    muzzie sabotage airliner and got loved 1000x in the form of reporting of “union dispute”. supertard big muzzie beard SAWS pbuh swtreported it’s actually jihad.

    in brooklyn, muzzie went after cop with knife during riot and cops loved muzzies 1000x

    Then in astralia muzzie with big grin and smug looking face with a hat and meat grinder practically begged to be amputated and put on muzzie hamster wheel. cops love him 100000x more and are puzzled why he did this. i’m scratching my head too which has thinning hair

    Muzzie in NZ allah acbar and went after cop with axe. Cops loved muzzie 10000x love conquer all. No tweet AOC SAWS pbuh swt , not siri Lanka, not when muzzie shot 6 cops on philadelphia. 25 billion tweet on Christchurch though

    then there we deceptions of deep green, real green, deep deep green, fake fake green, and all the permutations of green. when AOC SAWS pbuh swt – (ZOMG i’m amazed at the technology in a sink food grinder) failed, the greta SAWS pbuh swt deception kicked in. I belived everything even the fantastic flying goat story.

    for many years, centuries, million, billions of years since (((supremetard))) SAWS pbuh swt created heaven and earth and before supertards SAWS pbuh swt big muzzie beard and glenn roberts put up web sites, i warned tards and supertards about muzzies.

    i made no progress sort of like banging head against concrete, concrete wins everytime

    but then i “reverted” to a supremacist muzzie jerk and I’m the best of humanity allah has created. i wear a muzzie dress and i pee sitting down holding up the bathroom line. this made supertard SAWS pbuh swt have bladder infection but the love for muzzies only intensified.

    and now i have superpower, big goat supertard president saint Davy SAWS pbuh swt is feeling intense heat. all stops are pulled it seems – even supertard Robert Inget the controlled libtard opposition is deployed to censor me. but uppertard SAWS pbuh swt is not going to destroy free speech for someones love of muzzie. supertard SIS SAWS pbuh swt dropped the appeal and that’s final. it’s now as good as case law. supertard SIS SAWS pbuh is back being occupied with his bunker and learjet and auto keltecs and he said absolutely do not bother him. so it’s set in stone that uppertard SAWS swt pbuh is not going to modify this forum

  11. REAL Green on Wed, 10th Jun 2020 10:26 pm 

    Are widdle Pink Poodle cartoon isn’t adding anything to the discushuns Davy. And it’s making us look REAL Stupid. We need to see the docter. REAL Bad.

  12. Davy on Thu, 11th Jun 2020 12:15 am 

    Shut up juanpeee. I talk to cloggo all the time here about very important matters. Like Hitler. And World War II. Which America won by the way, no thanks to the all the illegal mooching immigrants who did nothing but sit on the beach sipping tequila all day long while our boys in uniform took to the fight Hitlers doorstep and saved the free world. God bless America. And that doesnt include all the illegal assholes who dont belong here.

    IF I wasnt so busy neutering your stink here juanpee, I would track you down and deport you myself. It wouldn’t be hard either. All I would have to do is follow the trail of empty liquor bottles littering the beach and they would take me right to you.

  13. supremacist muzzies jerk hello my name is debbie this is my first attempt eharmoney i love cats i love every kind of cats but i cant hugs all cats im a cats lover and i love to run sry im being emotional im thinking about cats again i love cats on Thu, 11th Jun 2020 12:17 am 

    this is equivalence to classical musics playing to your ears. It’s a space/time filler before teh big announcement that may never come.

    this is my master treaties. i don’t waste time on this forum. it’s lame. this treaties is about love for supremacist muzzies

    Philadelphia: muzziec says demonstrations are useless, fighting and bloodshed are needed

    note this high culture used to be isolated to muzzieland in the middle east or some of the -stanland but it’s persistent pollution of culture in america now. best to use biological, chemical, nuclear, and convention to wipe out the entire muzzieland and deport/amputate the ones in western nations

    muzzie bribe went with isis to make babies and now want to go back. what the world going to. this is ok but supertard big muzzie beard SAWS swt pbuh is banned from UK and harrassed by AA.

    muzzie curse kufar in vice documentary about ramadan but subtitle is excluded for the love of supremacist muzzie. this happens in deerfield michigan. muzzie said it’s peaceful but at the end acted as if typical soft and cudly muzzies do. very ironic

    the knights of columbus were real head breakers true guineas 70,000 years after an irishman could not get a job we got the presidency may he rest in peace. the kennedies were muzie lovers so (((supremetard))) didnt’ favor them and they died slowly.

    but now the irishman is back and whitey supertard president general michael flynn (the honest one) is going to love muzzies and amputate them all. love can be in many forms and bringing muzzies closer to muhamad the pedifler to get virgins and boys is a form of ultimate love.

    one has to wonder why little tiny small big brother joe supertard president saint never mentioned whitey supertard president general michael flynn and why the investigation wasn’t about muzzies but that’s the goal, destroy muzzie lovers by going after them in some other ways – like love for putin

    and now we have new saints. saint jorge and saint amauid “muzzie” abery. the protests is full of muzzies doing security and we have our first catholic muzzie saint.

    cui bono? one wonder the extend of muzzie infiltration and why did little small tiny big brother joe supertard president saint “reverted” to muzzie like whitey supertard president john brennen was rumoured to

    ramadan 2020 wasvery peaceful with 175 kabooms and 718 went to see muhadmad the pedifler.

    muzzies get extra credits during this time so when they go for your neck, muzzie only being friendly. this actual advice is not mine though

    and now the muzzielove virus with corona. corona is a (((supremetard))) beer. pay close attention, there’s a cross in the logo. so why muzzies destroy it? we need to go back to whitey supertard scientfic supremacist “thunderf00t” who should be amputated for muzzie lovin and spreading scientific supremacism. when this whitey supertard imposed self quarantine i said it smellz. that was many moons ago and i was first as usual to smell BS 20000 light years away.

    then we have whitey supertard “royal” instituiotn who ran model predicting muzzielove virus. then admited it wrong and went to boink married gf and lost job.

    ask yourslef if someone speak exclusively high british english, chances are they love muzzies? of course they love muzies and that’s why i’m pushing low english. it’s more trustworthy. muzzies benefits in all this.

    churches closed but muzzie mosque open. and all the rapes in UK was “by all ethics” no mention of muzzies which brexit about to amputate.

    supertard big muzzie beard SAWS pbuh swt reported muzzies in ger comprise of 40% of jizya payment to the tune of 4 billion euros per month. with that money they could go REAL GREEN or FAKE GREEN, it doesn’t matter that would’d been prosperious without the rapey rapey and stabby muzzies. The scale of jizya is incredible. it’s all out in the open if you just listen to the UK muzzie andy choudary.

    muzzie sabotage airliner and got loved 1000x in the form of reporting of “union dispute”. supertard big muzzie beard SAWS pbuh swtreported it’s actually jihad.

    in brooklyn, muzzie went after cop with knife during riot and cops loved muzzies 1000x

    Then in astralia muzzie with big grin and smug looking face with a hat and meat grinder practically begged to be amputated and put on muzzie hamster wheel. cops love him 100000x more and are puzzled why he did this. i’m scratching my head too which has thinning hair

    Muzzie in NZ allah acbar and went after cop with axe. Cops loved muzzie 10000x love conquer all. No tweet AOC SAWS pbuh swt , not siri Lanka, not when muzzie shot 6 cops on philadelphia. 25 billion tweet on Christchurch though

    then there we deceptions of deep green, real green, deep deep green, fake fake green, and all the permutations of green. when AOC SAWS pbuh swt – (ZOMG i’m amazed at the technology in a sink food grinder) failed, the greta SAWS pbuh swt deception kicked in. I belived everything even the fantastic flying goat story.

    for many years, centuries, million, billions of years since (((supremetard))) SAWS pbuh swt created heaven and earth and before supertards SAWS pbuh swt big muzzie beard and glenn roberts put up web sites, i warned tards and supertards about muzzies.

    i made no progress sort of like banging head against concrete, concrete wins everytime

    but then i “reverted” to a supremacist muzzie jerk and I’m the best of humanity allah has created. i wear a muzzie dress and i pee sitting down holding up the bathroom line. this made supertard SAWS pbuh swt have bladder infection but the love for muzzies only intensified.

    and now i have superpower, big goat supertard president saint Davy SAWS pbuh swt is feeling intense heat. all stops are pulled it seems – even supertard Robert Inget the controlled libtard opposition is deployed to censor me. but uppertard SAWS pbuh swt is not going to destroy free speech for someones love of muzzie. supertard SIS SAWS pbuh swt dropped the appeal and that’s final. it’s now as good as case law. supertard SIS SAWS pbuh is back being occupied with his bunker and learjet and auto keltecs and he said absolutely do not bother him. so it’s set in stone that uppertard SAWS swt pbuh is not going to modify this forum

  14. Abraham van Helsing on Thu, 11th Jun 2020 2:27 am 

    Meanwhile in England, Tommy Robinson, who currently, miraculously, is not in jail, fulminates against the black attacks against British history:

    https://www.infowars.com/london-police-warn-of-perfect-storm-as-tommy-robinson-and-right-wing-groups-vow-to-defend-statues-from-blm/

    While I have no love lost for either Churchill (WW2 plotting) nor Rhodes (Boer War against my Dutch in South-Africa and WW1 plotting), I very well understand that as a true Englishman you don’t want to have your illustrious history redefined by f* blacks.

    Ah well, The British ain’t going to plot for another war against Germany any time soon, neither for themselves nor on behalf of the US. That’s definitely a plus.

    Until the inevitable “Rivers of Blood”, Britain, like America, is forced to be occupied with itself and won’t project that much power to the outside anymore. Of which especially the Chinese will take notice and plan accordingly. And the Russians, scared to death for their Chinese “ally”, will keep on bouncing on the European door to be let in.

    Ouch:

    https://www.dailymail.co.uk/news/article-8408095/Shocking-footage-shows-Hackney-police-officer-wrestle-suspect-passersby-selfies.html

    “Priti Patel leads condemnation of ‘sickening, shocking, disgraceful’ attack on policeman who was punched and kicked when he tackled suspect – as laughing passersby posed for selfies”

    British cop demolished by useless black scum. Quite a humiliating picture for the BoJo government, that has lost any “Get Brexit done” momentum, it may have had after the clearly won December election. Corona and BLM have ruined everything for BoJo, who still hasn’t entirely recovered himself from the virus. And the hard Brexit results have yet to come in.

    Between 1568-1648 (Dutch 80-year war), the Protestant uprising was initiated and carried by “Dutch scum”, de Geuzen (“Beggars”):

    https://en.wikipedia.org/wiki/Geuzen

    The rag-tag Geuzen army consisted of people from the bottom layers of society, organized by a German prince, William of Orange-Nassau, our founding father. We still sing in his honor:

    https://documents1940.wordpress.com/2019/08/10/andre-rieux-playing-the-dutch-anthem-in-maastricht/

    After 80 years of NOT being in your comfort zone and win a struggle is a necessary precondition for new cultural greatness and glory:

    https://en.wikipedia.org/wiki/Dutch_Golden_Age

    People like Tommy Robinson could very well be such a geus. The enemy this time is not Spain, but the empire, that brought us that ethnic communism misery.

  15. Mohammad Jihad IV on Thu, 11th Jun 2020 9:33 am 

    I think the time has come for a collective bakala durka!
    its when you have a cheese twisty chip you realise the bakala birkula fucking bakala!!

  16. ahmed the unready goat fucker on Thu, 11th Jun 2020 9:37 am 

    I have survived the covid!
    The liquid farts have destroyed my bedroom though!
    The horror!
    BAKALA derka BAKALA bukala bakla BaAKLA!!
    I am lubed and ready for the 83 virgins!

  17. Makati1 on Thu, 11th Jun 2020 9:41 am 

    I am lubed and ready for my 83 virgin goats.
    Its a tradition here in the awesome Phillipines.
    Have I told you guys how awesome it is here in the Phillipines?
    hell even the lady boys are just so great!
    My covid bunker construction has finished, it contains 3 fillipino dwarf sex slaves and a collection of fine whiskey!

  18. makati1 on Thu, 11th Jun 2020 9:48 am 

    the previous post was not by me!! oh my arse hurts so bad!
    IMPOSTER!
    outrageous!
    unbelievable!
    I am however lubed up for my 73 virgins, with my self detonation in memory of some dead nigger criminal!

  19. Abraham van Helsing on Thu, 11th Jun 2020 9:53 am 

    BAKALA ! BAKLA!!

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