TacticScaleWhat Kunlun Energy Does & How It Makes Money (0135.HK)
Updated October 2026 · reflects Kunlun Energy's latest reported financials
PetroChina-backed natural gas distributor with LNG terminals and overseas oilfields. It earns revenue mainly from selling natural gas and LPG products at wholesale and retail, plus fees from LNG processing, storage, regasification and trucking services.
How Kunlun Energy makes money
It earns revenue mainly from selling natural gas and LPG products at wholesale and retail, plus fees from LNG processing, storage, regasification and trucking services. Sales of crude oil and gas from its overseas upstream assets add further income.
What Kunlun Energy does
Kunlun Energy is a Hong Kong-based investment holding company and a subsidiary of PetroChina Hong Kong Limited. It was incorporated in 1991 as CNPC (Hong Kong) Limited and took its current name in March 2010. It reports four segments: Natural Gas Sales, LPG Sales, LNG Processing and Terminal, and Exploration and Production. The core business is downstream gas: trading, distributing and retailing natural gas products, plus wholesale and retail LPG. Its LNG segment unloads, stores, regasifies and trucks liquefied natural gas. Upstream, it explores for and produces crude oil and natural gas in Kazakhstan, Oman and Thailand.
Products & services
- Natural gas trading, distribution and retail
- LPG wholesale and retail
- LNG processing and terminal services (unloading, storage, regasification)
- LNG entrucking
- Crude oil and natural gas exploration and production
What is Kunlun Energy worth?
A reliable owner-earnings fair value isn't available for this company yet — we'd rather say so than print a number we don't trust.
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