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China Natural Gas Inc. is a Chinese energy company that, through its subsidiaries, is engaged in the distribution and sale of natural gas and gasoline to commercial, residential and industrial customers in the Xi'an area and the Shaanxi province of the People's Republic of China. The company also engages in the construction of pipeline networks.
In May 2001, XinAo Gas was first listed on the Growth Enterprise Market (GEM) on the Hong Kong Stock Exchange with the stock code of 8159.HK. In June 2002 the Company transferred from GEM to the Main Board, with the new stock code of 2688.HK. [2] On 22 September 2010, the company was renamed as ENN Energy Holdings Limited.
On June 5, 2018, CNOOC Gas and Power Group Co. Ltd., a subsidiary of China National Offshore Oil Corporation (CNOOC), China's largest LNG importer and terminal operator, has recently signed a memorandum of understanding (MOU) with the Philippine fuel retailer Phoenix Petroleum to study, plan, and develop a liquefied natural gas (LNG) receiving ...
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China's stock markets surged on Tuesday thanks to pent-up demand from a weeklong trading break — but jittery investors kept a lid on the rally. The country's benchmark CSI 300 Index opened ...
The project is located in the Kutai Basin and has access to 15 million barrels of crude oil reserve and 700 billion cubic feet of natural gas. The deal closed with Sinopec getting an 18% stake for $680 million. [107] This project aligned with China's goal of doubling gas' share of energy production during the 2009-2015 period. [59]: 34 [108]