Kunlun Energy came into being under the "going out" strategy of petrochina, which has been more than 30 years. In the early 1990s, petrochina put forward three major strategies of "stabilizing the east, developing the west, transnational operation and diversification", and raised funds through the Hong Kong capital market to support the development of overseas business. In 1993, petrochina acquired and restructured Kunlun Energy to become its first red chip listed company. In the past 30 years, Kunlun Energy has raised a total of 49.2 billion yuan in the Hong Kong capital market, and has successively acquired overseas oil field blocks, Shaanxi-Beijing Pipeline, Jiangsu LNG, Dalian LNG, Kunlun Gas, etc. From the initial development of overseas exploration and development business, to the implementation of the "gas instead of oil" strategy in the mainland, and eventually transformed into China's oil and gas business development financing platform and investment main body, China's oil and gas terminal retail business operation management platform, committed to "bright people's better life, help the construction of beautiful China".
At present, Kunlun Energy has a strategic layout of urban gas, natural gas pipelines, liquefied natural gas (LNG) and compressed natural gas (CNG) terminals, natural gas power generation and distributed energy, liquefied natural gas (LNG) processing and storage, liquefied petroleum gas (LPG) sales and other businesses, covering 31 provinces, autonomous regions and municipalities in China. The number of users exceeds 15 million, the annual sales volume of natural gas is 50 billion cubic meters, the LNG terminal handling capacity is 19 million tons, and the annual sales volume of liquefied petroleum gas is more than 6 million tons, which is one of the largest natural gas terminal utilization enterprises and LPG sales enterprises in China.
Kunlun Energy actively cultivates the capital market and has won a number of awards in recent years, including the Best Listed Company of China Securities Golden Bauhinia Award, the Most Investment Value Listed Company, the Outstanding Listed Company of the 30th anniversary of the Capital Market, and the Outstanding Contribution Enterprise of the 70th anniversary of the founding of New China. At the same time, we have also won important awards such as Asia's Most respected Company and Best Investor Relations Team in the energy industry category of Institutional Investor, an internationally renowned financial magazine. The 2ESG rating has earned MSCI's BBB rating for three consecutive years.