PetroChina to sell big gas grid stake under reform push

PetroChina to sell big gas grid stake under reform push

A garbage collector stands in front of a PetroChina company logo at its gas station in Shanghai. REUTERS/ALY SONG

PetroChina is discussing selling a stake in domestic gas pipelines worth an estimated $47 billion in total, sources told Reuters, in a move seen as a prelude to Beijing’s plans to break the state giant’s near monopoly and boost spending on energy infrastructure.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter