China Plans to Open Up Oil, Gas Pipelines for Private Players

China has planned to open up its largely monopolized oil and gas pipelines in order to boost facilities' efficiency, says Xinhua citing a report by National Energy Administration (NEA).

The NEA said that it encourages pipeline operators to open their facilities to each other and to users, including fuel producers, refiners, sellers and other industrial users, when pipelines have extra capacity, reports Xinhua.

According to Xinhua, the plan involves both onshore and offshore pipelines, and the implementation of the plan will be supervised by the NEA.

The construction and operation of China's pipelines are largely dominated by major state-owned enterprises, primarily PetroChina.

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