PetroChina Acquires Three Natural Gas Storage Firms for RMB 40.016 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 26 2025
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Should l Buy ?
Source: NASDAQ.COM
Proposed Acquisition: PetroChina Co. Ltd. has proposed to acquire three natural gas storage facilities from its parent company, China National Petroleum Corp., for 40.02 billion yuan ($5.59 billion).
Details of Facilities: The acquisition includes the Xinjiang Gas Storage facility (17.07 billion yuan), Xiangguosi Gas Storage facility (10.0 billion yuan), and Liaohe Gas Storage facility (12.96 billion yuan).
Impact on Operations: This deal aims to ensure stable operations and enhance the development of PetroChina's natural gas industrial chain.
Storage Capacity Increase: The acquisition will add 10.97 billion cubic meters of working gas storage capacity to PetroChina's assets.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
