【Haichuan Chemical Salary Updates】Sinopec initiates reform of its natural gas sales management system

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Sinopec is working to reform its natural gas sales management system; the relevant reform measures have been approved by Sinopec’s headquarters and communicated within Sinopec’s natural gas subsidiaries. The key aspects of the natural gas management system reform planned by Sinopec include the establishment of 8 regional natural gas sales centers in North China, Shandong, Henan, Hebei, Zhejiang, Yunnan-Guizhou, Guangxi, and Anhui, as well as 4 provincial-level natural gas sales companies in Shanxi, Hunan, Jiangsu, and Jiangxi. Sinopec Great Wall Gas Company and Sinopec Natural Gas Branch have been merged, operating under a management model of \"two brands, one team\". The business functions of the Sichuan Gas to East China Natural Gas Sales Center and the South China Natural Gas Sales Center have been adjusted; they are primarily responsible for the sales of pipeline natural gas within their designated areas, market development, the sales of liquid LNG, and regional coordination tasks. Some industry experts believe that this reform is equivalent to adding 11 provincial (regional) sales companies on top of Sinopec’s existing three major regional natural gas sales centers, while also reorganizing the functions and scope of operations for all these sales entities. In addition to the aforementioned reform measures, Sinopec also plans to integrate its existing mid- and downstream natural gas businesses located within the oil fields.