On March 31, 2021, National Petroleum Pipe Network Group Co., Ltd. and China National Petroleum Corporation held an asset handover symposium. National Pipe Network Group will formally take over the former Beijing Natural Gas Pipeline Co., Ltd. under PetroChina Kunlun Energy at 24:00 on the same day. The equity of Dalian Liquefied Natural Gas Co., Ltd. and Dalian LNG Co., Ltd. marks a key step in China's oil and gas system reform-the integration of oil and gas backbone pipeline network assets has been fully completed, and the integration of all my country's oil and gas backbone pipeline networks has been realized.

According to the equity transfer agreement signed by both parties, the basic transaction consideration for the acquisition of 60% of Beijing Pipeline Company under PetroChina Kunlun Energy and 75% of Dalian LNG Company by State Pipe Network Group is 40.886 billion yuan, all of which will be paid by State Pipe Network Group in cash. Paid. Through the joint efforts of both parties, all the preconditions for delivery have been fulfilled. After the transaction is completed, Kunlun Energy will no longer hold any equity in the underlying assets. Accelerate the creation of a "National One Network". Among the assets acquired this time, the assets of Beijing Pipeline Company are mainly the Shaanxi-Beijing pipeline system, which mainly include the Shaanxi-Beijing First Line, the Shaanxi-Beijing Second Line, the Shaanxi-Beijing Third Line, the Shaanxi-Beijing Fourth Line, the Yongtang-Qin Pipeline, the Tangshan LNG Export Pipeline, The Beijing section of the Datang Coal-to-Gas Export Pipeline, Gangqing Line, Gangqing Fuxing Line, Gangqing Third Line and (Dagang, North China) two gas storage groups with a total mileage of 5387 kilometers, passing through Shaanxi, Inner Mongolia, Shanxi, Hebei, and Beijing , Tianjin, four provinces and two cities, connecting Northwest, North China and East China natural gas resources, mainly serving North China and the Bohai Rim. The total annual gas supply exceeds 35 billion cubic meters, which is an indispensable part of the "one network in the country" section.

X+1+X Oil and Gas Market System

With the completion of the asset restructuring transactions of the National Pipeline Network Group, the formation of the "X+1+X" oil and gas market system has been further promoted. China’s oil and gas system will further highlight the key role of the market in resource allocation. At the same time, the national pipeline network group’s national The more complete layout of the trunk oil and gas pipeline network is of great significance for further building a "national one network", improving the efficiency of oil and gas resource allocation, and ensuring national energy security. In the future, the results of this reform will inevitably further drive the construction of the oil and gas production, supply, storage and marketing system, achieve fair opening and separation of transportation and marketing, and provide strong support for the continuous deepening of the oil and gas system reform during the "14th Five-Year Plan" period.

Zhang Wei, Chairman and Party Secretary of the State Pipe Network Group, attended the symposium and delivered a speech. He said that Beijing Pipeline Company and Dalian LNG Company will be officially included in the State Pipe Network Group from tomorrow. Practitioner, promoter and leader of the new energy security strategy of "Four Revolutions and One Cooperation", keeping in mind the mission of safeguarding national energy security, adhering to the original intention of the enterprise of "serving the national strategy, serving the needs of the people, and serving the development of the industry", A strong sense of honor and mission has been invested in the National Pipe Network Group to win the "five major battles" and build a world-class energy infrastructure operator with Chinese characteristics in the grand practice of promoting the National Pipe Network Group to write a magnificence worthy of the new era Chapter.

Zhang Wei emphasized that it is necessary to persist in seeking progress while maintaining stability, to stabilize the position, to be steady and to fight steadily, with high standards, strict requirements, and a good style of work, to deepen and meticulously do every work, to firmly hold the red line of the bottom line of safety production, and to stabilize it. In production and operation, we should be prepared to ensure adequate winter supply, and make every effort to maintain the harmony and stability of the enterprise, and ensure the overall safety and stability of the enterprise after the takeover. It is necessary to carry out the activities of "emancipating the mind, changing the style and improving the work style, visiting the front line, and taking on the hard work" activities, establish new concepts, take up new responsibilities, and demonstrate new deeds. It is necessary to carry out high-quality learning and education of party history, and truly learn history to be clear, to increase credit, to respect morality, and to practice history. It is necessary to unswervingly govern the party strictly in an all-round way, promote the transformation of the party's political advantages into development advantages, and promote and guarantee the high-quality development of enterprises with the results of comprehensively and strictly governing the party.

The meeting also listened to the preparation and work report of the Beijing Pipeline Company and Dalian LNG Company. Hou Qijun, General Manager and Deputy Party Secretary of the National Pipe Network Group, Wang Dehua, Chief Accountant and Party Member, Huang Yongzhang, Deputy General Manager and Party Member of China National Petroleum Corporation, and Chai Shouping, Secretary of the Board of Directors and Chief Financial Officer of the Joint-Stock Company, attended the discussion.Editor/Xing Wentao、Design/Xia Changwang