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  1. Industrial needs lift China Gas sales

    Posted Jul 23rd 2009, 12:00am by Staff Reporter

    ... Cindy Shi China Gas Holdings, which supplies piped gas to about 110 cities on the mainland, says sales have rebounded on the back of stronger industrial demand. The company's gas ... A second-phase pipeline of China's east-west gas transmission project would be commissioned next year, as the supply from oil producer PetroChina has already peaked. China Gas aims to boost gas ...

  2. China Gas targets increased market penetration

    Posted Feb 11th 2009, 12:00am by Denise Tsang

    ... Denise Tsang China Gas Holdings, which supplies piped-natural gas to about 70 regions on the mainland, aims to boost revenue by connecting more customers within those regions, a senior ... between 2,200 and 2,300 yuan per household. Gas sales were expected to reach 1.8 billion cubic metres by March 31, growing about 80 per cent year on year. To increase revenue, China Gas managing ...

  3. China Gas plans LPG unit spin-off

    Posted Dec 07th 2009, 12:00am by Denise Tsang

    ... Denise Tsang in Wenzhou Hong Kong-listed utility China Gas Holdings is in talks to sell a stake in its liquefied petroleum gas (LPG) subsidiary, Shanghai PetroPower, to the mainland's ... by selling A shares on the Shanghai Stock Exchange could happen any time in the next three years, China Gas chief financial officer Eric Leung Wing-cheong said. PetroChina, which has 28 oil ...

  4. CNOOC holds to output target for full year

    Posted Apr 30th 2009, 12:00am by Eric Ng

    ... Eric Ng China National Offshore Oil Corp (CNOOC) has reiterated its full-year output target despite a decline in first-quarter gas production. The mainland's dominant offshore oil and gas producer reported that revenue fell 41.9 per cent in the first three months as a sharp drop in oil prices more than wiped out the benefit of higher output. Total revenue was13.95 billion ...

  5. CR Gas surges 10pc on news of takeover plan

    Posted Nov 27th 2009, 12:00am by Denise Tsang

    ... takeover is the latest acquisition by CR Gas, the utility flagship of state-owned conglomerate China Resources (Holdings), which bought a portfolio of gas projects from its parent in August last ... Denise Tsang Shares of utilities China Resources Gas Group and Zhengzhou Gas had mixed performances yesterday on news of a takeover plan. Piped-gas supplier CR Gas jumped 76 HK cents ...

  6. CNPC (HK) targets 20-fold growth in gas revenue

    Posted May 15th 2009, 12:00am by Eric Ng

    ... cities, of which 28 are now in operation. Analysts said PetroChina's expansion into the gas distribution business would pose a threat to existing distributors such as Xinao Gas Holdings and China Gas Holdings. But, with expertise in end-user market development, the rivals could counter this by co-operating with PetroChina, which produces more than 70 per cent of the nation's ...

  7. CNOOC parent plans big boost to gas output

    Posted Jul 21st 2009, 12:00am by Eric Ng

    ... Eric Ng China National Offshore Oil Corp, the parent of listed CNOOC, plans to spend billions of yuan to develop deepwater natural gas wells in the South China Sea with the goal ... an unknown portion to be contributed by its foreign partners. Last year, CNOOC, which owns the parent's oil and gas production assets, produced 6.76 bcm of natural gas. A China National Offshore ...

  8. CR Gas surges after HK$1.3b stake purchase

    Posted Dec 29th 2009, 12:00am by Denise Tsang

    ... Denise Tsang China Resources Gas Holdings soared to a 21-month high yesterday on news of the fuel supplier's HK$1.32 billion purchase of a stake in one of the mainland's largest ... prices.' CR Gas, controlled by State Council investment vehicle China Resources (Holdings), added the Chongqing project to its 26-strong portfolio on June 30. On November 25, the company offered ...

  9. Companies reporting this week

    Posted Mar 16th 2009, 12:00am by Staff Reporter

    ... Monday Interim: New World Department Store China, Taifook Securities Group Final: China Resources Gas Group, Chinese Estates Holdings, CK Life Sciences Int'l (Holdings), Hutchison Harbour Ring, Towngas China Tuesday Interim: New World China Land, New World Development, NWS Holdings Final: China Shipping Development, Guangzhou R&F Properties, Hong Kong and China Gas ...

  10. Morgan Stanley, Credit Suisse divest stake in CR Gas

    Posted Jun 17th 2009, 12:00am by Staff Reporter

    ... Resources Logic, has transformed itself into a gas distribution unit of state-owned China Resources (Holdings). The company raised HK$3.87 billion through a rights issue in November last year. ... Wong Ka-chun Morgan Stanley and Credit Suisse sold their entire stake in China Resources Gas Group for about HK$730 million yesterday, two months after they reaped HK$360 million through ...




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