Beijing Gas Blue Sky to buy stake in PetroChina Jingtang LNG

Beijing Gas Blue Sky to buy stake in PetroChina Jingtang LNG

Beijing Gas Blue Sky signed a memorandum of understanding with Beijing Gas Group and its unit Beijing Gas Company to purchase 29 percent equity interest in PetroChina Jingtang LNG. 

PetroChina Jingtang is engaged in the provision of port facilities for LNG vessels, provision of cargo handling services, warehousing and loading services of LNG within the port area as well as receiving, storage and re-gasification of liquefied natural gas.

Beijing Gas Blue Sky expects the consideration of the proposed transaction to be no more than 1 billion yuan renminbi ($152.2 million) and will be covered by the issuance of new shares to Beijing Gas Group.

Upon the completion of the transaction, Beijing Gas Group, that currently holds 26.91 percent interest in Beijing Gas Blue Sky, would increase its shareholding in the company to over 30 percent.

Beijing Gas Blue Sky added that it has completed the acquisition of two natural gas projects in Shanxi Province, including Shanxi Minsheng Natural Gas and Yongji Minsheng Natural Gas.

1 CNY = 0.150999 USD

Share this article

Follow LNG World News

Events>

<< Sep 2018 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

The Nineteenth CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening is recognised as the premier end of year gathering for the global LNG industry.

read more >

Singapore International Bunkering Conference and Exhibition (SIBCON)

The 20th edition of the Singapore International Bunkering Conference and Exhibition (SIBCON) will be about inspiring change…

read more >

CWC World LNG & Gas Series: 10th Asia Pacific Summit

Now in its tenth year, CWC World LNG & Gas Series: Asia Pacific Summit returns to Singapore on 16 – 18 October 2018…

read more >

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event.

read more >