Kunlun Energy Co., Ltd., a large international energy company under China National Petroleum Corporation, acquired the original Kunlun gas business in 2015, a leader in the field of comprehensive utilization of natural gas terminals in China, and an integrated upstream and downstream platform for PetroChina and natural gas
Kunlun Energy Co., Ltd. is a comprehensive energy company registered in Bermuda, listed on the main board of the Hong Kong Stock Exchange, and controlled by PetroChina Co., Ltd., stock code 00135.HK. HK is one of the constituent stocks of the Hang Seng Index and the Hang Seng China Enterprises Index.
Before 2008, Kunlun Energy was mainly engaged in domestic and overseas oil and gas exploration and development business. In 2009, the company began its strategic transformation, focusing on the development of liquefied natural gas (LNG) business. In 2015, Kunlun Energy acquired 100% of the equity of PetroChina Kunlun Gas Co., Ltd. held by PetroChina, and became the financing platform and investment entity of China's oil and gas business, and the management platform of China's oil and gas terminal utilization business. At present, the company is mainly engaged in city gas, natural gas pipelines, liquefied natural gas (LNG) receiving, processing, storage and transportation, LNG/CNG terminals, natural gas power generation and distributed energy, liquefied petroleum gas (LPG) sales and other businesses, the market is distributed in 31 provinces, autonomous regions and municipalities directly under the central government, with an annual sales scale of more than 16 billion cubic meters of natural gas and more than 6 million tons of LPG.
As a major oil and gas producer and supplier in China, PetroChina has made natural gas a strategic and growth business. Kunlun Energy will give full play to the advantages of synergy and industrial chain, adhere to openness and integration, pay attention to quality and efficiency, actively implement the strategy of market, resources, capital, quality and innovation, and is committed to providing safe and stable gas supply and high-quality and efficient customer service for all kinds of users, creating excellent value for shareholders, and striving to build a leading and world-class comprehensive utilization company of natural gas terminals in China.
