5 Biggest Natural Gas Pipeline Companies in the World

1. China National Petroleum Corporation (CNPC)

Revenue 2021: $411.7B 

China National Petroleum Corporation (CNPC) is a Beijing, China-based integrated energy company.

In 2021, the state-owned energy corporation made $9.6 billion in profit, an increase of 111% from 2020, when factories in China were closed due to the pandemic. Revenue for China National Petroleum Corporation in 2021 was $411.7 billion, up 45% from the previous year.

Since 2014, the company also has had a $400 billion partnership with Gazprom that aims to deliver 38 billion cubic meters of natural gas annually from Russia to China for 30 years. In extension to the same partnership, the East Route natural gas pipeline is expected to be operational from 2024 onwards. This will make up for some of the loss of natural gas supply by Gazprom to the European market. Under the terms of the agreement, payments can be made in either the Chinese yuan or the Russian ruble. It must be noted that China is the biggest natural gas importer in the world. The country’s 50% demand for natural gas is fulfilled via imports as it is heavily focused on lowering its carbon footprint by switching from coal.

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