The National Pipe Network Company is positioned as a deputy ministerial-level central enterprise, directly managed by the State-owned Assets Supervision and Administration Commission, and is on an equal footing with the three major oil central enterprises. The State Oil and Gas Pipeline Network Group Co., Ltd. (hereinafter referred to as the State Pipeline Network Corporation) was formally established in Beijing on February 9, 20 19, marking a key step in deepening the reform of the oil and gas system. The State Council performed the investor's duties on behalf of the State Council State-owned Assets Supervision and Administration Commission, and was included in the list of enterprises that performed the investor's duties by the State Council State-owned Assets Supervision and Administration Commission. The main responsibilities of the State Pipeline Network Corporation are to invest in the construction of national oil and gas trunk pipelines and some gas storage and peak regulation facilities, to connect trunk pipelines and social pipelines, to form a "national network", to transport crude oil, refined oil and natural gas, to be responsible for the unified operation and dispatch of the national oil and gas trunk pipeline network, to regularly disclose the transportation and storage capacity of the remaining pipelines to the public, and to realize the fair opening of infrastructure to all eligible users.
legal ground
Law of People's Republic of China (PRC) on State-owned Assets of Enterprises
Article 7 The state shall take measures to promote the concentration of state-owned capital in important industries and key areas related to the lifeline of the national economy and national security, optimize the layout and structure of the state-owned economy, promote the reform and development of state-owned enterprises, improve the overall quality of the state-owned economy, and enhance its control and influence.
Article 8 The State shall establish and improve the management and supervision system of state-owned assets that meet the requirements of the development of socialist market economy, establish and improve the assessment and accountability system for maintaining and increasing the value of state-owned assets, and implement the responsibility for maintaining and increasing the value of state-owned assets.
Article 9 The State shall establish and improve the basic management system of state-owned assets. Specific measures shall be formulated in accordance with the provisions of the State Council.