The National Development and Reform Commission (NDRC) did not give a timetable or any details of the plan in its annual work report published at the opening of the annual meeting of parliament.
Creating a central oil and gas operator will help China’s state-owned energy companies separate the cost of pipeline transportation from the sale of oil and gas.
Reuters reported last month that a formal plan for the pipeline group combining the long distance pipeline assets of the country’s state-owned energy companies will be announced this year.
The NDRC on Tuesday also repeated its goal of speeding up domestic oil and gas exploration.
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Reuters