Core Viewpoint - The newly released "Management Measures for the Planning, Construction, and Operation of Oil and Gas Infrastructure" marks a significant shift in China's oil and gas infrastructure management, transitioning from a single commodity management approach to a comprehensive system that includes crude oil, refined oil, and natural gas [3] Group 1: Planning and Coordination - The management measures emphasize the importance of national oil and gas planning, integrating it with land use and regional planning to address key challenges in project implementation [4] - All cross-border and inter-provincial pipeline projects must be included in the national planning before implementation, aiming to eliminate fragmentation and redundant construction in the pipeline network [4] Group 2: Separation of Transportation and Sales - A core initiative of the revised measures is the mandatory separation of transportation and sales businesses, clarifying the responsibilities of companies involved in national oil and gas pipeline construction [5] - Companies engaged in competitive businesses are prohibited from participating in pipeline investment and operation, promoting fair access to infrastructure for all market participants [5] - The measures also address the bottleneck of provincial pipeline networks, encouraging their integration into the national network through market-oriented approaches [5] Group 3: Natural Gas Reserve Responsibility System - The measures establish a multi-layered natural gas reserve system, redistributing storage responsibilities among supply and transportation companies [6] - Local governments' emergency reserve indicators are set to be more scientifically based, while town gas companies are required to maintain a minimum storage capacity [6] - The market mechanism is emphasized for regulating storage services and prices, aiming to enhance seasonal peak shaving and emergency supply capabilities [6] Group 4: Regulatory Framework - The management measures consolidate various supervisory functions into a comprehensive regulatory framework, combining administrative, data, credit, and social oversight [8] - Legal responsibilities are significantly strengthened, introducing various punitive measures for non-compliance, thereby enhancing the enforceability of the regulations [8]