China’s latest energy liberalization policy set to break oil and gas monopolies

摘要

Singapore-China’s decision to open its oil and gas infrastructure to third parties will pave the way for the breakup of energy monopolies in the country and the creation of national pipeline companies. Operators will be required to open their facilities to all eligible users through transparent tendering processes, and to separate their pipeline business from other segments such as upstream production and sales, according to the new measures announced by China’s National Development and Reform Commission on May 24.