Chinese vice premier stresses reform to keep oil, gas market stable

Chinese vice premier stresses reform to keep oil, gas market stable

Xinhua Updated: Thursday, August 20, 2020, 12:29 AM IST
article-image
Chinese Vice Premier Han Zheng, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, hosts a symposium during a research tour to China Oil & Gas Pipeline Network Corporation (PipeChina) in Beijing, capital of China, Aug. 18, 2020. | Photo: Xinhua

BEIJING: Vice Premier Han Zheng on Tuesday urged efforts to deepen reform of the oil and gas system to ensure a stable oil and gas market and national energy security.

Han, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks during a symposium at China Oil & Gas Pipeline Network Corporation (PipeChina).

PipeChina should tackle prominent problems in its formation and operation, while accelerating the construction of major pipeline network projects according to plans, in a bid to ensure that pipeline transmission capacity could meet the demand of social and economic development, Han said.

Efforts should also be made to improve services by leveraging technologies such as big data and innovating service modes, Han said, adding that oil and gas pipeline network facilities should be open to all types of market entities in a fair manner and based on market principles.

Han also called for measures to ensure the stable supply of gas during the winter heating season.

RECENT STORIES

Viral Video: Seal Cheats Death In Dramatic Orca Hunt, Climbs Onto Boat For Survival Near Seattle

Viral Video: Seal Cheats Death In Dramatic Orca Hunt, Climbs Onto Boat For Survival Near Seattle

Indian Sikh Pilgrim Sarbjeet Kaur, Who Went Missing In Pakistan During Religious Visit, 'Adopts'...

Indian Sikh Pilgrim Sarbjeet Kaur, Who Went Missing In Pakistan During Religious Visit, 'Adopts'...

Wikipedia Co-Founder Jimmy Wales Snaps At Podcast Host, Storms Out Of Interview In Less Than A...

Wikipedia Co-Founder Jimmy Wales Snaps At Podcast Host, Storms Out Of Interview In Less Than A...

Bangladesh Ex-PM Sheikh Hasina Calls ICT Proceedings A 'Hatchet Job' Ahead Of Verdict

Bangladesh Ex-PM Sheikh Hasina Calls ICT Proceedings A 'Hatchet Job' Ahead Of Verdict

India's First AI-Powered Combat Drone Kaala Bhairava Wins Silver Medal At ARCA 2025 In Croatia;...

India's First AI-Powered Combat Drone  Kaala Bhairava Wins Silver Medal At ARCA 2025 In Croatia;...