PetroChina, PipeChina set up two gas storage companies in China

Core Insights - PetroChina and China Oil and Gas Pipeline Network Corp. (PipeChina) have established two gas storage companies in China this week [1] Group 1 - The formation of the gas storage companies indicates a strategic move to enhance gas storage capacity in China [1] - This initiative may reflect the growing demand for natural gas and the need for improved infrastructure to support energy security [1]