China seeks to spur gas investment through unbundling
China is in the process of unbundling gas transmission, including thousands of kilometres of pipelines and LNG terminals, in the hope of promoting both upstream investment and downstream gas use ANNA KACHKOVA
A
n ambitious oil and gas industry overhaul is underway in China. It is being spurred by a desire to boost both domestic
production and imports of natural gas, and the country’s adoption last year of a 2060 target for net zero carbon dioxide (CO2) emissions has added to the momentum. This is because gas is seen as a major component of China’s decarbonisation strategy, helping it to shift away from more heavily polluting sources of fuel. And in anticipation of growing gas demand, Beijing had decided even prior to the adoption of the net zero target that reforming the energy industry would make it easier to achieve its aims.
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G L O B A L VO I C E O F G A S
JUNE 2021
