Shanghai Yingdong Law Firm, together with Beijing Yinghe and Ningxia Yingzhi, has been selected into the Class-II Lawyer pool of the sales arm (Kunlun Energy) of China National Petroleum Corporation (CNPC) for two projects, i.e., safety & environmental protection, and intellectual property.
Kunlun Energy Co., Ltd. is a comprehensive energy company registered in Bermuda (U.K.), listed on the main board of the Hong Kong Stock Exchange, controlled by CNPC, and selected as one of the constituent stocks of the Hang Seng Chinese Enterprise Index. Before 2008, Kunlun Energy was mainly engaged in domestic and overseas oil and gas exploration and development business. In 2009, it began a strategic transformation, switching the direction to domestic terminal sales and integrated utilization of natural gas, focusing on liquefied natural gas (LNG) business, implementing the strategy of "substituting gas for oil". In 2015, Kunlun Energy acquired 100% equity of PetroChina Kunlun Gas Co., Ltd. held by PetroChina, and became a financing platform and investment entity for China's oil and natural gas business, and a management platform for terminal utilization business of natural gas. Currently, Kunlun Energy is mainly engaged in city gas, natural gas pipelines, liquefied natural gas (LNG) and compressed natural gas (CNG) terminals, natural gas power generation and distributed energy, LNG processing, storage and transportation, liquefied petroleum gas (LPG) sales, etc. Its business footprint covers 31 provinces, autonomous regions and municipalities in China, with annual natural gas sales of 20 billion m3, LNG terminal capacity of 19 million tons, and annual LPG sales over 6 million tons, which makes it one of the top gas terminal utilization companies and LPG sales companies by domestic sales.
The three law firms under Winteam 500 in different regions, Shanghai Yingdong, Beijing Yinghe, and Ningxia Yingzhi, quickly completed all communication, resource collection, and administrative procedures and successfully entered the lawyer pool in less than a week, showing improved resource sharing among Winteam 500 law firms across regions and the successful strategic expansion of Winteam 500 law firms as a whole.
Shanghai Yingdong Law Firm’s successful entry into the Class-II Lawyer pool of Kunlun Energy demonstrated the Firm’s outstanding expertise and performance, and reflected the rapid and positive development of Yingdong in recent years.
In the future, Winteam 500 law firms will fully assist Kunlun Energy in adhering to CNPC’s corporate mission of “dedicating to energy industry and creating harmony”, establishing four concepts of safety & environmental protection, legal compliance, cooperation & sharing, and wide integration, and implementing five strategies of market, resources, capital, quality and innovation, and providing safe and stable gas supply and high-quality and efficient customer services for various users, so as to jointly build a company on integrated terminal utilization of natural gas that reaches world standards and leads in China.