China Set To Launch $105-Billion Oil & Gas Pipeline Firm

China will officially launch on Monday its long-mooted state oil and gas pipeline group combining the infrastructure assets of the state-owned energy majors into one huge midstream group, which analysts say could be worth between US$80 billion and US$105 billion. China has considered for years creating such a company, but only this year has it approved the setting up of a state-held oil and gas pipeline group. The new company is part of China’s efforts to allow its energy companies to focus on boosting exploration and production. Combining…