Market impact unlikely to flow rapidly from china's new state oil & gas pipeline company

摘要

Singapore-The recent launch of China's national oil and gas pipeline company is a key step toward energy market reform, but the project is still a long way from having any discernible impact on oil and gas markets. The National Oil & Gas Pipeline Network Group Co. announced December 9 will comprise pipeline assets unbundled from the state oil giants CNPC, Sinopec and the China National Offshore Oil Corp., but a tougher exercise lies ahead in formulating third-party access rules, appointment of the pipeline regulator and enforcement.