Baichuan energy
Baichuan Energy Group is a large-scale comprehensive enterprise group with natural gas as its core and covering real estate, new energy and energy logistics. But the main business focus is natural gas, and there are not many achievements in real estate. Natural gas fields are well developed. Many natural gas stations have been acquired before, but there is no transformation action, which still depends on the profitability of natural gas projects.
EMI energy's natural gas
In the past, only a few large enterprises in China had the right to exploit natural gas, and EMI was not one of them. He has no natural gas resources and relies on the supply from home. The natural gas of EMI Energy basically comes from Sinopec, and it is all pipeline gas energy. Moreover, EMI said on the investor interaction platform of 202 1, 1 that EMI has no liquefied gas import plan and may rely on it for a long time. But EMI Energy is the upstream of natural gas sales, and there are many small companies below. The profitability of EMI Energy is still considerable.
A company with natural gas resources
Several large enterprises with natural gas exploitation rights in China are China Petroleum, China Petrochemical and China Offshore Oil. China Petroleum is the largest oil and gas company in China and one of the largest oil and gas companies in the world. Sinopec's scale is not as good as PetroChina's, second only to China Offshore Oil, the largest offshore oil and gas company in China. These companies basically occupy most of the natural gas development in China, but China also needs to import natural gas, not all of which comes from China.