Core Viewpoint - China National Petroleum Corporation (CNPC) plans to establish three joint ventures to acquire 100% equity in three gas storage companies, enhancing its asset optimization and supporting the stable operation of the natural gas industry chain [1] Group 1: Acquisition Details - CNPC's wholly-owned subsidiary, Taihu Company, will invest cash to establish three joint ventures [1] - The acquisitions include Xinjiang Oilfield Gas Storage Company for 9.995 billion yuan, Xiangguansi Gas Storage Company for 17.066 billion yuan, and Liaohe Oilfield Gas Storage Company for 12.955 billion yuan [1] - The total investment amounts to approximately 40.016 billion yuan [1] Group 2: Strategic Implications - The acquisition will add 10.97 billion cubic meters of working gas capacity to CNPC's storage capabilities [1] - This move is expected to enhance the company's gas storage and peak-shaving capacity, aligning with its natural gas sales [1] - The overall goal is to maximize the efficiency of the natural gas industry chain [1]