About Kunlun Energy Company

Kunlun Energy Company Limited operates as an investment holding company. The company is a subsidiary of PetroChina Company Limited. The principal activities of the company’s subsidiaries, associates and joint ventures are the exploration and production of crude oil and natural gas in the People’s Republic of China (the ‘PRC’), the Republic of Kazakhstan, the Sultanate of Oman, Peru, the Kingdom of Thailand, and the Azerbaijan Republic. Segments The company operates through two segments, Exploration and Production, and Natural Gas Distribution. Exploration and Production This segment engages in the exploration, development, production and sale of crude oil and natural gas. It is further evaluated on a geographic basis (the PRC and other territories). Natural Gas Distribution This segment engages in the sale of natural gas, liquefied natural gas (LNG) processing, LNG terminal business and transmission of natural gas in the PRC. It is evaluated on a business basis, this segment includes natural gas sales, LNG processing, LNG terminal and natural gas pipeline. History The company was formerly known as CNPC (Hong Kong) Limited and changed its name to Kunlun Energy Company Limited in 2010.