According to Tianyancha business information, recently, CNPC Xiangguosi Gas Storage Co., Ltd. was established. The legal representative is Hu Changquan, with a registered capital of about RMB 5.945 billion. The scope of business is storage equipment leasing services, engineering management services, machinery and equipment leasing, technical services, technology development, technical consulting, technical exchange, technology transfer, technology promotion, and enterprise management. According to shareholder information, the company is owned by CNPC Taihu Investment Co., Ltd. and China Pipeline Network Group Energy Storage Technology Co., Ltd. respectively. According to media reports, on December 4, CNPC issued an announcement announcing that its wholly-owned subsidiary had completed registration of three joint ventures with partners such as China Pipeline Network Group Energy Storage Technology Co., Ltd., and formally signed an equity acquisition agreement. CNPC will acquire all shares in Xinjiang Oilfield Gas Storage Co., Ltd., Chongqing Xiangguosi Gas Storage Co., Ltd., and Liaohe Oilfield Gas Storage Co., Ltd.

According to Tianyancha business information, recently, CNPC Xiangguosi Gas Storage Co., Ltd. was established. The legal representative is Hu Changquan, with a registered capital of about RMB 5.945 billion. The scope of business is storage equipment leasing services, engineering management services, machinery and equipment leasing, technical services, technology development, technical consulting, technical exchange, technology transfer, technology promotion, and enterprise management. According to shareholder information, the company is owned by CNPC Taihu Investment Co., Ltd. and China Pipeline Network Group Energy Storage Technology Co., Ltd. respectively. According to media reports, on December 4, CNPC issued an announcement announcing that its wholly-owned subsidiary had completed registration of three joint ventures with partners such as China Pipeline Network Group Energy Storage Technology Co., Ltd., and formally signed an equity acquisition agreement. CNPC will acquire all shares in Xinjiang Oilfield Gas Storage Co., Ltd., Chongqing Xiangguosi Gas Storage Co., Ltd., and Liaohe Oilfield Gas Storage Co., Ltd.