For decades, China’s natural gas sector has been dominated by three state-owned enterprise groups – China National Petroleum Corporation (CNPC), China Petrochemical Corporation (Sinopec Group) and China National Offshore Oil Corporation (CNOOC). The three majors together owned up to 84% of the national long-distance gas transmission pipelines at the end of 2017. In response to the government’s call for SOE reform, initiated in the 1990s, the three giants have established their own listed arms, restructured business units for better asset integration, and introduced market entities to participate in oil field management. The Chinese government has also encouraged independent domestic players as well as foreign companies to enter the sector.

01 EXECUTIVE SUMMARY 

02 SECTOR OUTLOOK 

03 SECTOR IN FOCUS 

04 COMPETITIVE LANDSCAPE 

05 COMPANIES IN FOCUS

06 REGULATORY ENVIRONMENT