China sets up national pipeline company in major energy revamp

SINGAPORE - China announced the creation of its long-planned national oil and gas pipeline company, officially kicking off one of its biggest energy revamps aimed at helping supply keep pace with swelling demand.

A key development to watch is the valuation of assets, Neil Beveridge, an analyst at Sanford C Bernstein & Co, said earlier ON Monday. It may take six to nine months for that detail to emerge, based on a similar reform of telecom carriers in 2015 that created China Tower Corp., Beveridge said. The plan follows other Chinese reforms aimed at a more level playing field for private and state-owned enterprises. As well, the nation has been accelerating the overhaul of its energy sector in recent years, including changes to its gas pricing policy and merging power giants.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The China blacklist that companies pay $3,400-an-hour to avoidHONG KONG (BLOOMBERG) - China Railway Construction deployed thousands of workers over four years to build part of a coal-carrying line from Inner Mongolia to Jiangxi province - about the same distance as midtown Manhattan to Walt Disney World Resort in Florida.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Asian stocks pulled higher by Wall Street jobs rally but China caution prevailsAsian stocks edged up on Monday, catching some of Wall Street's momentum after surprisingly strong U.S. jobs data although regional gains were ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »