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China launches new gas pipeline to boost energy security

China

China

China

China launches new gas pipeline to boost energy security

2025-08-25 17:08 Last Updated At:17:37

The first section of the second Sichuan-to-East natural gas pipeline, China's key energy infrastructure project, commenced operation on Monday, boosting the country's natural gas transmission capacity by three billion cubic meters annually, said PipeChina.

The project stretches 4,269 kilometers, originating in Luxian County, southwest China's Sichuan Province and terminating in Wenzhou, east China's Zhejiang Province.

The newly operational part is located in the western part of the project. Spanning 56.15 kilometers long, it runs from an upload point at the Anyue Gas Field in Ziyang City, Sichuan, to the compressor station in Tongliang District, Chongqing Municipality.

"Natural gas from the Gaoshiti block of the Anyue Gas Field, operated by PetroChina Southwest Oil and Gasfield Company, can now be connected with the Zhongwei-Guiyang Gas Pipeline through this initial section, integrating it into the national gas grid. This new channel enhances the outward transportation of natural gas resources from Sichuan and Chongqing, providing strong support for the development of the 100-billion-cubic-meter natural gas production base in the region and improving natural gas utilization along the pipeline route," said Li Wang, head of PipeChina Southwest Pipeline Company's Chongqing branch.

The pipeline is being constructed in two phases, the western section (Sichuan-Chongqing-Hubei) and the eastern section (Hubei-Henan-Jiangxi-Anhui-Zhejiang-Fujian).

Upon completion in 2027, the pipeline will have an annual transmission capacity of 20 billion cubic meters.

It's set to connect with major national pipeline networks, ensuring the efficient outward transportation of natural gas from the Sichuan Basin, addressing peak demand in central and eastern regions, and promoting energy structure transformation along the pipeline route.

China launches new gas pipeline to boost energy security

China launches new gas pipeline to boost energy security

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

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