Milestones

The Company released the 2023–2025 three-year dividend distribution plan, targeting a 45% payout ratio for fiscal year 2025 and declaring interim dividends for 2024–2025.

The Company sold equity in three vehicle refueling station businesses (including Zhejiang Xinjie) to PetroChina. The company restructured its vehicle refueling business by leasing or selling most stations to the parent company and refocusing on gas supply for stations.

The Company successfully commissioned the Huanggang 80,000-cubic-meter LNG storage facility.

The Company published the "2023 Climate Action White Paper," its inaugural disclosure of climate-related financial information.

The Company advanced an organizational optimization project centered on deepening departmental reforms, forming five major divisions: Urban Gas, LNG, LPG, Gas Power and New Energy, and Hong Kong (Overseas).

The Company approved the preliminary design for the Fujian LNG Terminal project and initiated construction of its outbound pipeline.

The Company conducted the first LNG bunkering for international vessels at Shenzhen Yantian Port.

Officially commissioned the Phase III expansion project of the Jiangsu LNG Terminal, establishing it as the first ten-million-ton LNG receiving base in the Yangtze River Delta.

The Company achieved the first shipment from the Tai'an natural gas liquefaction project with capability of 600 thousand tons per year.

The Company transferred pipeline assets of Beijing Pipeline Company and the Dalian LNG Terminal to the National Pipeline Network Company.

The Company signed equity acquisition contract with Xinjiang Xintai Natural Gas Co in Beijing to acquire 51% equity in each of five companies (including Miquan Xintai) and 49% equity in each of five others (including Kuche Xintai).

The Company signed an agreement to acquire equity in 17 gas companies owned by Jinhong Holding Group.

The first batch of LPG tankers setting out from Russia arrived in Manzhouli, signifying the successful opening of the land route for Sino-Russian LPG energy trade.

The Company organized the China-Kazakhstan-Russia International Transport Corridor Natural Gas Engine powered Automobile Rally to promote the use of natural gas as automotive fuel along the Silk Road.

The Company commenced operations of the Chuxiong-Panzhihua Pipeline, marking the official entry of Panzhihua, Sichuan into the pipeline natural gas era.

the Company acquired a 51% stake in PetroChina Jingtang LNG Co., Ltd. held by PetroChina.

the Company and PetroChina Kunlun Gas Co., Ltd. completed management integration.

the Company comprehensively implemented the three-level management system of “Company Headquarters—Provincial (Regional) Company—Project Company”.

the Company unveiled the restructuring with PetroChina Kunlun Gas Co., Ltd., becoming the sole management platform of natural gas terminal utilization. PetroChina Kunlun Gas Co., Ltd. became the Company’s only wholly-owned subsidiary and domestic business investment and operation entity.

PetroChina Kunlun Gas Co., Ltd. and PetroChina Kunlun Natural Gas Utilization Co., Ltd. implemented restructuring.

the Company became a constituent of the Hang Seng Index.

the Company acquired a 60% stake in PetroChina Beijing Natural Gas Pipelines Co., Ltd. held by PetroChina.

PetroChina integrated the LPG distributing business of its subordinated oil and gas field enterprises, and handed over the LPG distributing business to PetroChina Kunlun Gas Co., Ltd.

he Company acquired a 55% stake in PetroChina Jiangsu LNG Co., Ltd. held by PetroChina.

the Company was renamed as Kunlun Energy Company Limited.

the Company was renamed as Kunlun Energy Company Limited.

PetroChina integrated the LPG commodity resources of its subordinated refinery enterprises, and handed over the LPG distributing business to PetroChina Kunlun Gas Co., Ltd.

The Company implemented its strategic transformation to make domestic natural gas terminal sales and integrated utilization a new business segment, and vigorously developed the LNG and replacement of oil with gas business. The Company, PetroChina Kunlun Gas Co., Ltd. and PetroChina Kunlun Natural Gas Utilization Co., Ltd. became the troika for PetroChina to develop the domestic natural gas downstream market.

Paragon Holdings Limited was renamed as CNPC (HONGKONG) LIMITED which was primarily engaged in oil-gas exploration and production, and initiated the experimenting and promotion of natural gas application in vehicles.

PetroChina acquired a 52.54% stake of the Hong Kong listed Paragon Holdings Limited after two acquisitions, and became its controlling shareholder.