PipeChina to acquire majority stakes in Beijing natural gas pipeline and Dalian LNG from Kunlun Energy for $6.3bn.

PipeChina, China's state-owned natural gas pipeline company, agreed to acquire majority stakes in Beijing natural gas pipeline and Dalian LNG from Kunlun Energy, a natural gas company for $6.3bn. Kunlun Energy will sell a 60% stake in a Beijing natural gas pipeline and a 75% stake in its Dalian LNG company. PipeChina will pay for the Kunlun Energy assets in cash in two installments.