- CEO
- Yongli He
- Full Time Employees
- 22,331
- Sector
- Utilities
- Industry
- Gas distributors
- Address
- 118 Connaught Road West Hong Kong Hong Kong
- IPO Date
- Mar 13, 1973
- Business
- Kunlun Energy Company Limited (0135.HK) is an investment holding company engaged in natural gas sales, liquefied petroleum gas (LPG) sales, liquefied natural gas (LNG) processing and terminals, and exploration and production of crude oil and natural gas. The company operates through these core segments, offering urban gas distribution and pipelines; LNG and compressed natural gas (CNG) terminals; natural gas power generation and distributed energy; LNG processing, storage, gasification, and truck-loading; trading, wholesale, distribution, and retail of natural gas and LPG products; and exploration, development, production, and sale of oil and gas assets in Kazakhstan, Oman, Thailand, Peru, Azerbaijan, and Indonesia. Incorporated in Bermuda in 1991 and headquartered at 39/F, 118 Connaught Road West, Hong Kong, Kunlun Energy, a subsidiary of PetroChina Hong Kong Limited, serves over 15 million users across 31 provinces, municipalities, and autonomous regions in China, with annual natural gas sales exceeding 50 billion cubic meters, LNG terminal capacity of 19 million tons, and LPG sales over 6 million tons.
Kunlun Energy maintains a strategic focus on domestic and international resources and markets, providing safe gas supply and integrated energy solutions to residential, commercial, industrial, and transportation customers while advancing green initiatives such as 57 photovoltaic projects generating 7.89 million kWh annually in 2024 and 15 gas-fired power projects totaling 11.14 million kilowatts capacity. Recent developments include the July 2025 agreement by its wholly-owned subsidiary PetroChina Kunlun to sell a 51% equity interest in Tianjin Compression Company, which operates CNG and LNG refueling stations, to PetroChina for RMB 12.7 million, allowing Kunlun Energy to retain a minority stake, realize equity value, and reallocate resources toward core urban gas distribution and sales to boost market share and efficiency. Through PetroChina Kunlun Capital, the company participated in the July 2025 capital increase of China Fusion Energy Co., Ltd., contributing to its RMB 15 billion registered capital as part of efforts to invest in fusion energy technology development and commercialization.