(Bloomberg) — 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.The move marks a “key step” in China’s efforts to deepen reforms of its oil and gas sector, the official Xinhua News Agency said, without giving further details.The government has planned to merge the networks operated by its three state-owned giants under a single operator, a key step to removing barriers that have hampered domestic production, and which dovetails with efforts to use more gas instead of coal.Click …read more
Source:: Yahoo Finance
