Ge Long Hui·2025-12-04 21:10Core Viewpoint - China National Petroleum Corporation (CNPC) has completed the establishment of three joint ventures and signed equity acquisition contracts, acquiring 100% stakes in three gas storage companies for a total of 40 billion yuan [1] Group 1: Acquisition Details - The three joint ventures include CNPC Xinjiang Gas Storage, CNPC Xiangguosi Gas Storage, and CNPC Liaoning Gas Storage, which acquired 100% equity of Xinjiang Oilfield Gas Storage Company, Xiangguosi Gas Storage Company, and Liaohe Oilfield Gas Storage Company respectively [1] - The total acquisition amount is 40 billion yuan [1] Group 2: Strategic Importance - This transaction is beneficial for ensuring the stable operation and high-quality development of the company's natural gas industry chain [1] - Gas storage facilities are crucial links in the natural gas production, transportation, storage, and sales process, serving as tools for peak shaving and balancing production from gas fields [1] Group 3: Operational Impact - The acquisition will add 10.97 billion cubic meters of working gas capacity to the storage facilities, enhancing the company's ability to match gas storage with sales [1] - The three gas storage companies will be included in the company's consolidated financial statements following the completion of the transaction [1]