PetroChina and PipeChina Launch $3.6 Billion Gas Storage Joint Ventures

China’s PetroChina and state-owned pipeline operator PipeChina have jointly established two major gas storage companies, part of Beijing’s broader effort to expand natural gas capacity and stabilize energy supply amid growing demand. According to corporate registration data, the new ventures — Liaohe Gas Storage in northeast China and Xinjiang Gas Storage in the northwest — were officially set up this week with combined registered capital exceeding 25.6 billion yuan ($3.62 billion). Liaohe will focus on s ...