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2018 INFORMS Business Analytics Conference
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Analytics 2018 (The INFORMS Conference on Business Analytics and Operations Research) is the one analytics conference that consistently delivers proven applications and processes that will improve your business’s bottom line.
Analytics 2018 will bring together nearly 1,000 leading analytics professionals and industry experts (executives, analysts, managers, researchers, data scientists, modelers, etc.) to share ideas, network and learn about a range of current topics.
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CNPC
February 12, 2018

Natural Gas Pipeline Transmission Optimization for China National Petroleum Corporation

INFORMS

China National Petroleum Corporation (CNPC) is China’s largest oil and natural gas producer and supplier and controls 75 percent of the country’s natural gas resources and pipeline network. Over the past five years China’s natural gas consumption has nearly doubled and the demand for natural gas is expected to grow at a steady rate. To better serve the increasing demand, CNPC partnered with researchers from the University of California, Berkeley and Tsinghua University (Beijing) to apply innovative operations research in order to develop and implement a new software that optimizes the operation of its natural gas pipeline network. Previously, all annual production and construction planning for CNPC was manually conducted using spreadsheets. However, the increasing size and complexity of China’s natural gas pipeline network caused the manual method to result in excess costs and wasted resources. Since the implementation of the new optimization software at the end of 2014, CNPC has realized approximately $530 million in direct savings and extra revenue. Meanwhile, the increased efficiency of the existing pipeline network has postponed the need for new pipelines, leading to an estimated savings of over $18 billion in construction costs.

CNPC is competing as a 2018 Edelman Finalist, to see other finalists, click here.

To hear this and other real-world case studies that can impact your business’ bottom line, register now.

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