The recent launch of China’s national oil and gas pipeline company is a key step towards energy market reform, but still a long way from having any discernible impact on oil and gas markets. Receive daily email alerts, subscriber notes & personalize your experience. Register Now While the National Oil & Gas Pipeline Network Group Co. announced on December 9 will comprise pipeline assets unbundled from the three state oil giants CNPC, Sinopec and the China National Offshore Oil Corp. or CNOOC, a tougher exercise lies ahead in formulating precise third-party access rules, appointment of the pipeline regulator and enforcement. This is tricky because of the nature of China’s energy sector; the lack of a designated energy ministry means that the national oil companies control large parts of the oil and gas sector, and decision-making is shared with planning entities like the National Development and Reform Commission and the […]