China to open oil and gas infrastructure to private firms

It granted operators’ requests as it reforms the sector.

The National Development and Reform Commission (NDRC) of China has issued the draft rules to concede private companies access to national oil pipelines, gas pipelines, LNG terminals and gas storage infrastructures. The motion was requested by the country’s energy operators and should mark the first concrete plan to promote fair access to gas-related facilities.

China is reforming its oil and gas sector and removing state companies' monopolies and private energy companies are being encouraged to sign term contracts to utilize the national infrastructure.

The NDRC also contemplates changing standard units for measuring energy flows, from tonnes to thermal units in order to facilitate the calculation of transportation costs.

This article was originally published by Enerdata.