China Said to Merge Pipeline Operations Into One State-Owned Company

The video discusses the Chinese government's plan to restructure the gas sector by forming a national pipeline company, allowing third-party access to midstream assets. This change is expected to increase supply variety and reduce transmission fees, benefiting gas utilities. Companies with projects in northeastern China, like China Gas and China Resources Gas, are likely to benefit from these reforms. The sector's current valuation suggests further growth opportunities, driven by volume and connection fees.

What factors should be considered when assessing the beneficiaries of the gas market reforms?

How does the current valuation of the gas sector reflect its growth potential?