CNOOC(SH:600938) Zhong Guo Xin Wen Wang·2025-10-16 02:13Core Viewpoint - The National Development and Reform Commission (NDRC) has issued the "Regulatory Measures for Fair Access to Oil and Gas Pipeline Facilities," effective from November 1, 2025, to enhance the regulation of fair access in the oil and gas sector, addressing the natural monopoly in this area and responding to increasing market demands for fair access [1][2]. Group 1: Background and Need for Regulation - The introduction of the regulatory measures is necessary to implement the decisions made by the Central Committee of the Communist Party, which emphasizes the need for independent operation in natural monopoly sectors and market-oriented reforms in competitive sectors [1]. - The measures are also aimed at fulfilling the requirements set forth in the Energy Law, which mandates that energy transmission network operators provide fair and non-discriminatory access to qualified enterprises [2]. - The new regulations enhance regulatory enforcement by establishing penalties for violations, thereby improving the authority and effectiveness of regulatory bodies [2]. Group 2: Key Contents of the Regulatory Measures - The regulatory measures include new provisions for user registration and service acceptance, requiring pipeline operators to develop specific methods for user registration and service conditions, and to facilitate service through online platforms [2][3]. - New penalty clauses for unfair access violations have been introduced, detailing nine specific violations by pipeline operators and five violations by users, with corresponding penalties to ensure market order [3]. - The measures also modify information disclosure requirements, categorizing information related to fair access and requiring operators to proactively disclose basic information to the public while safeguarding sensitive operational data [3][4]. Group 3: Scope and Implementation - The regulatory measures cover a wide range of oil and gas pipeline facilities, including those operated by state-owned enterprises, local state-owned enterprises, and private companies, while excluding certain internal and specialized pipelines [4]. - The NDRC and the National Energy Administration will coordinate efforts to promote the implementation of these measures, ensuring that pipeline operators comply with fair access regulations and enhancing the overall service level in the oil and gas sector [4].