智通财经网·2025-08-26 11:10Core Viewpoint - China Petroleum & Chemical Corporation (00857) announced the board's decision to approve the acquisition of gas storage facilities from various oil management bureaus for a total consideration of RMB 40.016 billion, excluding taxes [1] Group 1: Acquisition Details - The acquisition involves the purchase of all equity interests in the Xinjiang Gas Storage, Xiangguosi Gas Storage, and Liaohe Gas Storage [1] - The total consideration for the acquisition is RMB 40.016 billion [1] Group 2: Strategic Importance - The transaction is expected to enhance the stable operation and high-quality development of the company's natural gas industry chain [1] - Gas storage facilities play a crucial role in the natural gas production, transportation, storage, and sales process, serving as a tool for peak shaving and production balancing [1] - The acquisition will add 10.97 billion cubic meters of working gas capacity, improving the company's gas storage and peak-shaving capabilities to match its sales volume [1] - This move aims to maximize the overall efficiency of the natural gas industry chain [1]