In the early 1990s, PetroChina implemented its transnational operation strategy by establishing Kunlun Energy as a red-chip listed company on the Hong Kong capital market through equity acquisition, focusing on overseas oil and gas exploration and development. Over the past 30 years, Kunlun Energy has successfully transitioned its core business from upstream oil exploration to natural gas terminal utilization. The company now focuses on the green development and high-value-added operations of the entire urban gas and liquefied natural gas (LNG) industrial chain, fully implementing a low-carbon transformation strategy and contributing to the development of clean energy.
Currently, the company owns five oil exploration and development blocks in three countries: Oman, Thailand, and Kazakhstan.