中油燃气2024年报

(Incorporated in Bermuda with Limited Liability)Stock Code: 603 20242024Annual Report CONTENTS目錄 2345671016212441657577798184224 Financial HighlightsEnterprise CultureCorporate ProfilesNatural Gas Distribution Business in ChinaOil and Gas Production Business in CanadaCorporate InformationChairman’s StatementManagement Discussion and AnalysisBiographical Details of DirectorsReport of the DirectorsCorporate Governance ReportIndependent Auditor’s ReportConsolidated Statement of Comprehensive IncomeConsolidated Statement of Financial PositionConsolidated Statement of Changes in EquityConsolidated Statement of Cash FlowsNotes to the Consolidated Financial StatementsFive Year Financial Summary Financial Highlights財務摘要 Natural Gas Sales andTransmission Volume銷輸氣量 Enterprise Culture企業文化 Corporate Profiles公司簡介 603CNGLNG China Oil And Gas Group Limited (the “Company”) (stock code: 603) and itssubsidiaries (together, the “Group”) are principally engaged in investmentin natural gas and energy related business. Operations of the Group includepiped city gas business, pipeline design and construction; transportation,distribution and sale of compressed natural gas (“CNG”) and liquefiednatural gas (“LNG”); and development, production and sale of crude oil andnatural gas and other upstream energy resources. As a piped city natural gas service provider, the Group supplies city naturalgas through long-distance transmission pipelines. With 71 concessionrights, the Group has built up city pipeline networks which offer stable andsufficient natural gas resources to local household, industrial, commercialand other users. As a non-pipeline natural gas provider, the Group hasestablished 1 LNG plant in Qinghai Province, Sichuan Province and GuizhouProvince, PRC respectively. Meanwhile, the Group has also built certain CNGprimary stations to ensure a smooth supply of natural gas all year round.These facilities support supplies of natural gas to cities not yet covered bypipeline networks and are treated as emergency backup gas sources for theGroup. 71LNGCNG All kinds of automobiles, city buses and long-distance buses can beconverted into natural gas operation system by paying an affordable fee.Some of the provinces will provide subsidy to automobile owners who arewilling to convert their automobile into natural gas operating system. Withsupport from the PRC government, the Group offers inexpensive, clean andenvironmental friendly natural gas to the transportation sector. 1325,751 As an operator of natural gas branch pipelines, the Group has alreadycompleted approximately 25,751 km natural gas pipelines in 13 provinces,cities and autonomous regions. Apart from bringing in stable natural gastransmission revenue, the branch pipelines constructions will also facilitatethe development of projects along the down-stream. LNGCNG The Group has well established a large-scale developed natural gas transportand logistics operation in the PRC, including the set up of LNG and CNGfleets which have reinforced the mobility and coverage of our natural gassupplies. As an upstream energy resources producer, the Group engages in thedevelopment, production and sale of crude oil and gas and other resourcesin Alberta of Canada. The exploration and production business of theGroup has the proved reserves of approximately 31.89 million barrels of oilequivalent and the proved plus probable reserves of approximately 50.47million barrels of oil equivalent. Its average daily production was 5,082barrels of oil equivalent in 2024. Our exploration and production businesspossesses energy business in production, a very experienced managementteam with proven tracking records, a stable production assets portfolio andstrong profitability with considerable potential for growth. 3,1895,0475,082 Natural Gas Distribution Business in China中國天然氣分銷業務 Company operating assets / data公司運營資產及數據 Main trunk pipelines主要幹線管網 LNG processing plantCity gas project with concession rightProvince with natural gas sales volume < 100mn m3in 2024Province to enter in near termBranch pipeline公司自有支線管道公司城市天然氣項目公司液化天然氣工廠公司天然氣加氣站公司二零二四年銷氣量5.0億立方米以上省份公司二零二四年銷氣量1.0-5.0億立方米省份公司二零二四年銷氣量1.0億立方米以下省份公司於近期內準備開展業務的省份Province with natural gas sales volume between 100mn m3and 500mn m3in 2024Province with natural gas sales volume > 500mn m3 in 2024CNG/LNG/L-CNG station 西氣東輸一線西氣東輸二線西氣東輸三線澀寧蘭線滄淄線忠武線中緬線West-to-East line 1West-to-East line 2West-to-East line 3Se-Ning-Lan lineCang-Zi LineZhong-Wu LineMyanmar-China Line陝京四線Shaan-Jing line 4陝京三線Shaan-Jing line 3 Oil and Gas Production Business in Canada加拿大油氣生產業務 Corporate Information公司資料 董事局 執行董事 BOARD OF DIRECTORS Executive DirectorsXU Tie-liang(Chairman and Chief Executive Officer) GUAN YijunGAO FalianXU Ran 獨立非執行董事 Independent Non-Executive DirectorsLIU ZhihongWANG GuangtianYANG Jie 公司秘書 COMPANY SECRETARYCHAN Yuen Ying Stella 授權代表 AUTHORISED REPRESENTATIVESXU Tie-liangCHAN Yuen Ying Stella 審核委員會 AUDIT COMMITTEELIU Zhihong(Chairman)