New ptj Issue 3-2019
Digitalization in the Pipeline Industry
The new PALIMEX®-880/-855
The two-tape system reliably protects your pipeline – and saves your budget.
Operations & Integrity Management and Compliance in an age of IIOT
Steve Hill >>> Honeywell Process Automation Solutions
New Technologies Drive Operational Performance by Connecting Smart Stations to Distribution Networks
Rossella Mimmi >>> Emerson Automation Solutions
Intelligent Predictive Maintenance in the context of Maintenance 4.0 for Oil & Gas Industry
Dr. Rama Srinivasan Velmurugan >>> GAIL (India)
Digital disruption will occur in Midstream as it is underway in other asset intensive industries
Sam Hemeda >>> Arundo Analytics
The Big Data Revolution: Detecting Pipeline Leaks, Encroachments and more Using Satellites
John Zhou & Caroline Beck >>> Satelytics
Best Practices for Cybersecurity Diagnosis in Industrial Environments
Ernesto Landa >>> Compania Operadora de Gas del Amazonas

China's Pipeline Sector to Undergo Major Transformation

In China the state frequently meddles in the marketplace to smooth out disruptions and ease any undue burden on the consumer. This is now the case with wholesale natural gas prices with the state opting for a huge increase to make up for wide scale losses in China's gas import business, as the state buys gas at high prices anchored in long term supply contracts and caps increases in the domestic price of retail gas. This is obviously not sustainable over time.

In addition China is about to reform the downstream pipeline sector, which, up to now, because of these very same market interventions by the state, has been extremely profitable.

Beijing plans to launch this year a national oil and gas pipeline company that will combine assets from PetroChina, China National Offshore Oil Corporation (CNOOC) and Sinopec, a move aimed at spurring private and foreign exploration investment. But the pipeline reshuffle is predicated on agreement between all the major players in the market and this top down approach is showing signs of wear and tear.

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Admir Celovic
E-mail: ptj@eitep.de
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