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>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 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 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >