Zhong Guo Hua Gong Bao·2025-08-28 09:18Core Viewpoint - China National Petroleum Corporation (CNPC) plans to acquire 100% equity of three gas storage facilities for a total consideration of 40.016 billion yuan [1] Group 1: Acquisition Details - The acquisition involves Xinjiang Gas Storage, Xiangguosi Gas Storage, and Liaohe Gas Storage, with respective investments of 9.995 billion yuan, 17.066 billion yuan, and 12.955 billion yuan [1] - The acquisitions will be executed through newly established joint ventures, with CNPC's wholly-owned subsidiary Taihu Company holding the majority stake [1] Group 2: Strategic Importance - Gas storage facilities are crucial in the natural gas production, transportation, storage, and sales process, serving as a tool for peak shaving and balancing production from gas fields [1] - The acquisition will add 10.97 billion cubic meters of working gas capacity, enhancing CNPC's ability to match gas storage with sales and optimize the overall efficiency of the natural gas industry chain [1] Group 3: Financial Performance - In the first half of the year, CNPC reported a revenue of 1.5 trillion yuan and a net profit attributable to shareholders of 84.01 billion yuan [1]