The Company achieved remarkable results in natural gas marketing through ongoing efforts in exploring the end-user market, forming strategic partnerships with key areas and large enterprises, improving the market-driven trading system, piloting gas-electricity-PV integration projects and promoting the integration of natural gas and new energies.
In 2022, 196 new projects were put into operation, delivering CNPC’s pipeline gas to many cities in the Pearl River Delta region for the first time and focusing on natural gas supply to the high-end power plants in the Yangtze River Delta, Pearl River Delta and Bohai Rim. The peak shaving and operation capacity was further improved and natural gas marketing made steady progress.
In 2023, the Company strove to propel the integration of wind and solar power with gas-fired power generation, and pushed for further marketization of the natural gas industry. Marketing efforts also worked on business development among end users, adding about 890,000 new end users throughout the year.
In 2024, the Company actively deepened its strategic planning to promote the high-quality natural gas market expansion. To further explore the high-end and high-value markets in response to the optimized allocation of productive factors, the Company focused on key industrial customers and strived to develop direct-supply and direct-sale customers. In the end-user market, the Company pushed ahead with the acquisition of standalone projects in county-level cities, while considering equity cooperation projects with other gas companies and seeking industrial park projects and new concession projects in local government tenders. Marketing efforts targeting urban gas end-users were stepped up, adding about 850,000 new end-users and implementing 8 new projects throughout the year. In 2024, the full-year sales in the end-user market totaled 61.16 billion cubic meters.