CHINA GAS HOLD (00384) subsidiary Sinopec Hong Kong intends to purchase 60,000 tons of liquefied natural gas.
China Gas (00384) announced that on April 29, 2026, North Gas Tianjin and SinoGas Hongda (an indirectly wholly-owned subsidiary of the Company) entered into an agreement. During the period from April 1, 2026 to April 1, 2027, SinoGas Hongda agreed to purchase and North Gas Tianjin agreed to sell 60,000 tons of liquefied natural gas.
China Gas Holdings (00384) announced that on April 29, 2026, Beijing Nanyanjin and Zhongran Hongda, an indirect wholly-owned subsidiary of the company, entered into an agreement. During the period from April 1, 2026, to April 1, 2027, Zhongran Hongda agreed to purchase and Beijing Nanyanjin agreed to sell 60,000 tons of liquefied natural gas.
Entering into this agreement and the proposed transactions will enable the group to obtain a stable and reliable supply of liquefied natural gas. Beijing Nanyanjin (as an indirect subsidiary of Beijing ENT) operates the Tianjin Nangang Liquefied Natural Gas receiving station and has access to diversified sources of liquefied natural gas, including its own imported liquefied natural gas and third-party resources. It is expected that this transaction will enable the group to utilize Beijing Nanyanjin's terminal infrastructure and resource capabilities to ensure a continuous supply of liquefied natural gas for distribution and trade operations.
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