Eddie Wong's questions to CHINA PETROLEUM & CHEMICAL (SNPMF) leadership • Q3 2017
Question
Eddie Wong asked about Sinopec's strategy regarding the potential establishment of a national gas pipeline company and the anticipated financial impact on the company.
Answer
Executive Chen Ge responded that Sinopec is supportive of this industry restructuring, provided it follows market-oriented principles. He suggested that any transaction would involve a market-based reevaluation of pipeline assets, which could be accretive to performance, referencing a previous positive transaction with China Life. He also noted that shared pipeline access could benefit Sinopec's upstream gas exploration and production.