Towngas to freeze tariff; prices may dip

Towngas will freeze its basic gas tariff this year - and prices could even dip, depending on the state of the international oil market, the company announced yesterday.

Wednesday, 6 June, 2012, 12:00am

CR Gas continues drive to be largest wholesaler

China Resources Gas plans more acquisitions this year to achieve its goal of becoming the largest gas wholesaler on the mainland by nearly tripling its gas sales by 2015.

The natural gas distributor yesterday reported a 64 per cent year-on-year increase in net profit to HK$1.2 billion last year. Its board recommended a final dividend of 10 HK cents a share.

14 Mar 2012 - 12:00am

Full switch to natural gas would help clear the air and rid city of polluting plants

Towngas proudly stated in its Sustainability Summary Report 2010 that as 'a clean fossil fuel, natural gas improves air quality and mitigates climate change. Natural gas now accounts for about 60 per cent of our feedstock in Hong Kong.'

12 Feb 2012 - 12:00am

Air Products focuses on two China projects

Air Products and Chemicals, the United States industrial gases group, will keep its focus on China as it starts two mega projects in the high-growth market.

Steve Jones, president of Air Products' China, said Beijing's efforts to enhance energy efficiency would benefit the company's expansion and reinforce its plan to increase investment.

17 Dec 2011 - 12:00am

China Gas plans LPG unit spin-off

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 largest oil producer, PetroChina, in a deal that would lead to a separate listing of the subsidiary, according to a senior official.

7 Dec 2009 - 12:00am

Companies deny plot behind gas shortages

The mainland's energy giants have come in for unusual criticism from state media for the natural gas shortages that have plagued northern and eastern provinces recently.

A report on China Central Television at the weekend accused China National Petroleum Corporation (CNCP) and Sinopec of exploiting the shortages to achieve higher profits.

24 Nov 2009 - 12:00am

Industrial needs lift China Gas sales

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 output has climbed to eight million cubic metres per day from six million three months earlier. Industrial users accounted for 68.7 per cent of natural gas sales volume in the year to March.

23 Jul 2009 - 12:00am

Xinao revenue swells despite factory closures

Piped-gas utility Xinao Gas Holdings generated 30 per cent more revenue in the first three months of the year even after thousands of factories on the mainland went under as a result of the global financial crisis.

The first quarter showed a marked improvement in energy consumption from the rapid downturn near the end of last year, chairman Wang Yusuo said.

14 Apr 2009 - 12:00am

Gas leak at estate spurs safety checks

Gas safety inspections will be carried out this week at a Tseung Kwan O estate where residents reported a leak on Sunday night.

The smell of gas was detected on the ground floor of Choi Wing House, Choi Ming Court, at about 5.50pm on Sunday, five hours before Towngas found the leak.

27 May 2008 - 12:00am

Job opportunities in the pipeline

As Hong Kong grapples with severe air pollution, gas is becoming an important cleaner source of energy.

It is playing a crucial role in Hong Kong's ever-growing economy and people's lives. As a result, there is now a demand for gas engineers who can work with the latest technology.

24 Nov 2007 - 12:00am

Beijing slaps ban on new gas-fed methanol plants to cut pollution

The central government has banned new methanol chemical projects using natural gas as feedstock, as part of measures to cut air pollution by diverting more gas supply into city consumption.

4 Sep 2007 - 12:00am

Private sector support is crucial for NGOs to do their jobs

In his letter, 'Exchange funds omission' (July 27), R.E.J. Bunker argues that because Civic Exchange receives funding from CLP Power, but the Civic Exchange's chief executive, Christine Loh Kung-wai, did not stress this when she supported a liquefied natural gas terminal on South Soko Island ('Terminal trade-off', July 19), the organisation's 'reputation has been compromised'.

31 Jul 2007 - 12:00am

China Gas to double fuel sales

Piped-gas distributor China Gas aims to more than double fuel sales to one billion cubic metres in the year to March next year on its expanded business scale and the mainland's rising demand for clean energy.

24 Jul 2007 - 12:00am

Children of elderly victims want to put their heartache behind them

The children of the two elderly women killed in the explosion said yesterday that they wanted closure after having lived with the tragedy in the past 14 months and had ruled out taking further legal action.

29 Jun 2007 - 12:00am

Damaged sewer the key to gas explosion, engineer tells inquest

A damaged sewer corroded a gas pipe above it, allowing gas to travel to a building 24 metres away where it exploded, killing two women, according to a report read to an inquest yesterday.

27 Jun 2007 - 12:00am