China names an old oil & gas to her; main energy post


Le Aibing Guo on 11/22/2018

HONG KONG (Bloomberg) – China has brought the business name of its business to its main energy center, and its abolition of use to occupy politics as the country will; influencing the review of its powerful power department.

Zhang Jianhua, a No. 2 officer of China National Petroleum Corp., who will be the director of National Energy Administration, will be in line with the official officials of a Communist Party. He will be the fifth NEA chief executive and his first appointee from an energy company, the newspaper said this week.

The administration did not respond to several facs from Bloomberg's comments, and a CNPC spokesman refused to say in Beijing.

Zhang, 54, gives the restraint as China attempts to remove its wide-ranging energy reform.
Zhang Challenges: China's giant giants move to increase domestic oil and gas output to strengthen energy security. Use coal use by strengthening control of & # 39; throwing and cutting mines ineffective to & # 39; reduce too much pressure. Liberation of natural gas prices by connecting occupational and non-resident marking levels. Connecting the three-party pipeline property to the state-owned companies to create a new national operator. Encourage sustainable development of the renewable energy sector, such as solar industry.

"Most Chinese energy reforms need to go through state-owned enterprises," said Tian Miao, a Everbright Sun Hung Kai analysis. "Zhang's background would give him a greater understanding of how SOEs are working and achieving energy policies. I hope that this will allow improvements to be better implemented."

Zhang's role also comes from two NEA chiefs to be investigated for "big breaks", usually used to report graft research. The previous person, Nur Bekri, formerly the long-term leader of the Xinjiang independent division, served from December 2014 until it was removed in September.

Zhang's role in the Chinese petroleum and chemical industry is over three decades. CNPC's recent general manager and former chairman of PetroChina Co., He cleared it from this week. Previously, he was a former head of China Petroleum & Chemical Corp., called Sinopec.
& Sail There are no Expectations & # 39;

At the PetroChina statement in August, Zhang said that the company was "determined by the purpose of" to give oil and gas to China and there would be no "other attempt" in achieving that goal. He responded to a call with President Xi Jinping to increase home produce for national energy security among the US spat.

China, the world's largest energy consumer, is dependent on exports for about 70% of the oil and 40% of its gas needs. These combinations have been rising in recent years because it can not produce oil results and gas can not be used; keeping up with the growing demand.

To improve the efficiency of procurement and the promotion of non-state companies, policy makers have taken measures in relation to market, including the opportunity for third party providers to pipers that are operated by CNPC, Sinopec and the Eastern Chinese National Universities and provide more flexibility for price markets for resident and non-resident users.

Very Good

Zhang "at the time of major developments within business," said Niall Beveridge, a researcher at Sanford C Bernstein & Co in Hong Kong. He is particularly involved in driving Chinese pioneer revival & It understands how the business works, as well as Beveridge.

The areas where Zhang's knowledge could be more limited include the NEA's goals in terms of reducing coal use and increasing the use of renewable energy, according to Everbright & Tian. The solar industry, for example, has been under review last year after extensive expansion has been made.

Zhang needs to make sure that he gets the right and right-handed policy well, Tian said. "This is an area that deserves attention immediately."

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