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  1. China Gas aims to boost capital spending 50pc in expansion push

    Posted Mar 02nd 2007, 12:00am by Kandy Wong

    ... Kandy Wong and Bloomberg China Gas Holdings plans to boost capital spending by 50 per cent in the next fiscal year in a move to expand and lift sales. Capital expenditure would reach ... cent last year,' said managing director Liu Minghui yesterday at a company luncheon. China Gas is seeking to take advantage of increased gas demand in the world's second-biggest ...

  2. China Gas obtains US$75m loan

    Posted Feb 13th 2007, 12:00am by Denise Tsang

    ... Denise Tsang Mainland-based piped-gas supplier China Gas Holdings has pumped US$75 million into its war chest for acquisitions by obtaining a credit facility from the Asian Development ... points above the London interbank offered rate. China Gas managing director Liu Minghui yesterday said the fresh funds would be earmarked for gas projects, to fund the group's plan ...

  3. China Gas to build 1.2b yuan plant

    Posted May 29th 2007, 12:00am by Denise Tsang

    ... Denise Tsang China Gas Holdings will spend 1.2 billion yuan to set up a liquefied natural gas (LNG) processing plant in Sichuan province to meet growing demand from its 55 downstream ... and southern China, have seen gas sales slow as a result of the tight supply.' China Gas is jockeying with rivals such as Hong Kong and China Gas and Xinao Gas Holdings for supplies by branching ...

  4. China Gas commits to LNG project in Hebei

    Posted May 02nd 2007, 12:00am by Denise Tsang

    ... Denise Tsang Piped-gas supplier China Gas Holdings has committed to a two billion yuan project in Handan, Hebei, manufacturing equipment to store and transport liquefied natural gas (LNG) ... officer Eric Leung yesterday said that details of the deal could not be verified until after the holidays. While its bigger rivals such as Hong Kong and China Gas and Xinao Gas Holdings climbed ...

  5. China Gas explores for coalbed methane in Inner Mongolia

    Posted Sep 20th 2007, 12:00am by Denise Tsang

    ... Denise Tsang China Gas Holdings, which supplies piped gas to 58 mainland cities, will explore for coalbed gas in Wushenqi, Inner Mongolia, as it moves to ensure a stable supply ... and output figures are subject to further negotiations. China Gas shares were suspended from trading yesterday pending a statement about the deal. The stock was last traded at HK$3.52 per share ...

  6. China Gas plans joint venture with Oman Oil

    Posted May 23rd 2007, 12:00am by Denise Tsang

    ... Denise Tsang Project will import fuel to mainland China Gas Holdings, which runs about 55 piped-gas projects in the country, plans to form a joint venture with minority stakeholder Oman ... resources and connections with other Middle East suppliers for the green fuel. China Gas is one of only five companies granted the fuel-trading licence, after rival Xinao Gas Holdings ...

  7. PetroChina leads search for gas

    Posted Oct 15th 2007, 12:00am by Eric Ng

    ... Eric Ng An agreement signed last month by PetroChina to buy liquefied natural gas (LNG) from Australia has the market guessing whether the mainland is ready to pay higher international prices for imported gas to underpin plans to develop multiple gas import terminals. PetroChina last month said it signed a framework deal to buy two to three million tonnes of LNG a year from ...

  8. China Gas and SK unit sign US$20m mainland venture

    Posted Mar 14th 2007, 12:00am by Denise Tsang

    ... Denise Tsang Alliance could lead to South Korean group buying equity interest in partner China Gas Holdings has teamed up with SK Group, South Korea's third-largest conglomerate, ... Holdings in Hong Kong within the next 12 months. The venture will be held 50 per cent by China Gas and the remainder by SK's subsidiary, SK E&S. The proposed joint venture, which will tap ...

  9. China Energy offers gas to two HK utilities

    Posted Apr 23rd 2007, 12:00am by Eric Ng

    ... Eric Ng China Energy Development Holdings, which has a 50-50 joint venture with China Petroleum & Chemical Corp (Sinopec) to develop a HK$7.76 billion liquefied natural gas project in Zhuhai and Macau, is in talks to sell gas to other Hong Kong utilities after being rejected by CLP Holdings, said chairman Tong Seak Kan. This comes as the gas project's prospects ...

  10. Panva Gas posts loss amid fall in new customers

    Posted Apr 20th 2007, 12:00am by Denise Tsang

    ... Denise Tsang Panva Gas Holdings, a Hong Kong and China Gas (Towngas) associate, plunged to a net loss of HK$256.33 million last year from a net profit of HK$155.77 million a year earlier ... rate swaps. Turnover climbed 13.7 per cent to HK$2.64 billion, helped by a 144.5 per cent jump in sales of piped gas and a 30 per cent rise distributing liquefied petroleum gas ...




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