Kunlun Energy Co., Ltd. is a comprehensive energy company registered in Bermuda (British), listed on the main board of the Hong Kong Stock Exchange, and controlled by China National Petroleum Corporation. The stock code 00135.HK is one of the constituent stocks of the Hang Seng Chinese Enterprises Index. Before 2008, Kunlun Energy was mainly engaged in domestic and foreign oil and gas exploration and development business. A strategic transformation began in 2009, taking domestic gas terminal sales and comprehensive utilization as a new business development direction, focusing on developing the liquefied natural gas (LNG) business and implementing the “gas instead of oil” strategy. In 2015, Kunlun Energy acquired 100% of the shares of CNPC Kunlun Gas Co., Ltd. held by CNPC, and became the financing platform and investor for China's oil and gas business and the management platform for the natural gas terminal utilization business. Currently, Kunlun Energy is mainly engaged in 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, storage and transportation, and liquefied petroleum gas (LPG) sales. The business is distributed in 31 provinces, autonomous regions, and municipalities directly under the Central Government of China. The annual sales volume of natural gas terminals is 20 billion cubic meters, LNG terminal handling capacity of 19 million tons of LNG. LPG is the largest domestic sales enterprise of LPG terminals and sales of liquefied petroleum gas One of the companies . Adhering to CNPC's corporate purpose of “dedicating energy and creating harmony”, Kunlun Energy will make full use of its business synergy advantages, firmly establish the four concepts of safety and environmental protection, legal compliance, cooperation and sharing, and open integration, vigorously implement the five major strategies of market, resources, capital, quality and innovation. Relying on two domestic and foreign resources and two markets, it is committed to providing safe and stable gas supply and high-quality and efficient customer service to shareholders, creating more excellent value for shareholders, making positive contributions to promoting economic and social development, and making every effort to build a leading domestic and international gas terminal comprehensive utilization company.
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