Core Insights - The gas pipeline industry is crucial for ensuring the safe and stable supply of gas, with recent government policies aimed at enhancing safety and operational efficiency [1][5][6] - During the "14th Five-Year Plan" period, over 700,000 kilometers of underground pipelines will be constructed or renovated, with an expected investment exceeding 5 trillion yuan, highlighting the commitment to upgrading gas networks [1][7][10] - The transition towards natural gas as the primary clean energy source is evident, with a significant increase in natural gas supply and a decline in artificial gas and liquefied petroleum gas [1][10][11] Industry Overview - Gas pipelines are defined as systems used for transporting gas, including natural gas, artificial gas, and liquefied petroleum gas, along with associated facilities [2][3] - The industry is characterized by its need for tightness, pressure resistance, and corrosion resistance [2] Policy Landscape - A series of national policies have been introduced to improve the safety and efficiency of gas pipelines, including plans for the renovation of aging infrastructure [5][6][7] - The focus is on eliminating outdated materials, implementing smart monitoring systems, and enhancing safety measures in urban areas [7][10] Industry Chain - The gas pipeline industry chain includes upstream gas resource exploration, midstream pipeline manufacturing and construction, and downstream distribution to end-users [8][9] - Major players in the industry include state-owned enterprises and specialized manufacturers, with a growing emphasis on digital technologies to enhance operational efficiency [9] Current Development Status - The demand for urban gas is increasing due to urbanization, with the national gas penetration rate rising from 94.57% in 2014 to 98.64% in 2024 [10] - The total supply of natural gas is projected to grow significantly, indicating a shift towards cleaner energy sources [10][11] Future Trends - The gas pipeline industry is expected to undergo a transformation towards smart, efficient, and integrated operations, leveraging advanced technologies for real-time monitoring and predictive maintenance [12][13] - The "National Unified Network" strategy will enhance system efficiency and resource allocation across regions [14] - The industry is exploring multi-energy integration, including the transportation of hydrogen and other green mediums, indicating a shift in the role of gas companies towards comprehensive energy service providers [15]