KunLun Energy Company Limited, formerly CNPC (Hong Kong) Limited, is an investment holding company. The activities of its subsidiaries, associates and jointly controlled entities are the exploration and production of crude oil and natural gas in the People鈥檚 Republic of China, the Republic of Kazakhstan, the Sultanate of Oman, Peru, the Kingdom of Thailand, the Azerbaijan Republic and the Republic of Indonesia, and the sales of natural gas and transmission of natural gas in the People鈥檚 Republic of China. It has two segments: the Exploration and Production, which involves the exploration, development, production and sale of crude oil and natural gas, and the Natural Gas Distribution, which involves sale of natural gas and the transmission of natural gas. During the year ended December 31, 2010, it acquired a 55% interest in PetroChina LNG Jiangsu Company Ltd., and a 51% interest in both Langfang Huayou Tiancheng Gas Sales Company Limited and Sichuan Chuangang Gas Limited Company.