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  1. Business - Commodities - ENERGY

    China Gas, Sinopec near venture deals

    Posted Feb 21st 2013, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com China Gas, Sinopec near venture deals City natural-gas distributor China Gas, which fended off a hostile takeover bid last year from rival ENN Energy and oil and gas major China Petroleum & Chemical (Sinopec), has made steady progress in negotiations with Sinopec on forming joint ventures, according to its finance chief. The two firms were ...

  2. Business - Companies - TAKEOVERS

    Sinopec and ENN drop bid for China Gas

    Posted Oct 16th 2012, 12:00am by Sophie Yu, Denise Tsang

    ... hostile takeover bid for China Gas Holdings by a consortium that included the mainland's second-largest oil firm, China Petroleum & Chemical Corp (Sinopec), fell through yesterday. Ending ... and they chose not to go ahead with it. Instead, Sinopec formed a partnership with China Gas that will allow them to operate downstream gas supply businesses and allow Sinopec to raise its holding ...

  3. Business - Companies - TAKEOVERS

    Embattled China Gas in pact with Sinopec

    Posted Oct 17th 2012, 12:00am by Eric Ng

    ... in pact with Sinopec China Gas Holdings has rarely been out of the limelight in the past 22 months, thanks to its board row, police investigations of top managers, antagonistic shareholders ... withdrawal of a US$2.2 billion unsolicited takeover bid by a consortium of China Gas' rival ENN Energy Holdings and state-backed oil and gas major Sinopec, China Gas said it had now entered ...

  4. China Resources makes deeper push into piped-gas market

    Posted Jun 02nd 2004, 12:00am by Denise Tsang

    ... across the country, seeking a slice of the rapidly growing and lucrative but competitive sector. Blue-chip utility Hong Kong and China Gas and smaller players such as Xinao Gas Holdings, Panva ... Denise Tsang The purchase of a 20pc stake in Zhengzhou Gas, worth about $207m, takes the red chip further away from its core business China Resources Enterprise will buy a 20 per cent ...

  5. China Gas surges on news of GAIL stake

    Posted Feb 23rd 2005, 12:00am by Denise Tsang

    ... Denise Tsang Shares of China Gas Holdings jumped 4.63 per cent yesterday to a 31-month high on news that India's state-owned energy firm GAIL had taken a stake in the company. After ... share. China Gas managing director Liu Minghui said the share sale would pave the way for future co-operation between the company and GAIL on the distribution of natural gas for vehicle use ...

  6. China's oil and gas firms hit by record crude prices

    Posted Sep 08th 2008, 12:00am by Andrea Li

    ... access to new oil fields, China's oil and gas players are much stronger than their counterparts elsewhere,' Mr Kwan said. With China's oil demand growing at an annual 6 per cent ... Andrea Li The mainland's oil and gas companies have reported largely weakened first-half earnings results amid soaring crude oil costs and significant refining losses. 'Earnings ...

  7. Strong sales growth boosts Panva Gas 36pc

    Posted Aug 14th 2003, 12:00am by Denise Tsang

    ... The figures escape the impact of the central government's new VAT policy Mainland gas supplier Panva Gas Holdings saw net profit soar 36 per cent to $83.01 million in the first six ... to piped-gas services to replace a business tax starting from January 1. Panva's counterpart Wah Sang Gas Holdings has since set aside $12 million in provisions for the VAT. 'Our auditor ...

  8. Beer, gas drive 93.7pc jump in Beijing Enterprises profit

    Posted Sep 18th 2008, 12:00am by Carol Chan

    ... Carol Chan Beijing Enterprises Holdings, the investment arm of the capital's city government, expects its gas and beer businesses to maintain their robust growth after reporting ... 40 per cent-owned joint venture with the mainland's largest oil and gas producer, PetroChina, supplied 5.85 billion cubic metres of gas through the Shaanxi-Beijing natural gas pipeline ...

  9. PetroChina set for big gas deal in Canada

    Posted Feb 11th 2011, 12:00am by Eric Ng

    ... Eric Ng PetroChina is poised to make a huge natural gas deal in Canada, agreeing to pay C$5.4 billion (HK$42.27 billion) in what could be the largest acquisition in the so-called ... and gas producer, China National Petroleum Corp, said in a statement it had signed an agreement with Encana, Canada's largest natural gas producer, to buy a 50 per cent interest ...

  10. PetroChina signs gas sales deal

    Posted Oct 22nd 2004, 12:00am by Eric Ng

    ... Eric Ng in Beijing Agreement with BASF-YPC comes after more than a year of talks over pricing PetroChina has signed a gas sales agreement with BASF-YPC, a Sino-foreign petrochemical ... Chemical Corp, will be the largest industrial customer of gas from PetroChina's 4,000km west-east pipeline when it starts commercial operations next year. Under the contract, BASF-YPC will buy ...




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