Beijing Gas Blue Sky to buy stake in PetroChina Jingtang LNG

Beijing Gas Blue Sky to buy stake in PetroChina Jingtang LNGIllustration Purposes only (Image courtesy of Beijing Gas Blue Sky)

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>

<< May 2018 >>
MTWTFSS
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

The 27th World Gas Conference (WGC 2018)

The 27th World Gas Conference (WGC 2018) will be the largest, most timely and most significant global gas conference and exhibition ever held.

read more >

CWC LNG Fuels Summit – Marine| Road Transportation| Industrial

The CWC LNG Fuels Summit has now firmly established itself as the number one event on LNG Fuels…

read more >

Gas Shipping Americas

Informa presents Gas Shipping Americas – a two-day conference dedicated to gas shipping for the American market…

read more >

4th Annual Upstream West Africa Summit 2018

In June 2018, Senegal will play host to the No.1 Annual B2B Upstream Oil & Gas event, which will bring together the senior decision makers from across the prolific West Africa region to discuss the trends and challenges currently facing the Oil and Gas industry.

Since the discovery by Tullow Oil in 2007 of the Jubilee Field in Ghana, the Upstream sector has refocused its efforts to explore similar plays around the entire West and North West African coast. These efforts were rewarded with Cairn Energy’s prolific discovery in 2014 followed by Kosmos’ in 2015. The West Africa region has the industry’s spotlight firmly focused on further unlocking the potential of this largely underexplored region.

Companies that will be looking toward further unlocking the deepwater hydrocarbon potential of West Africa include: PETROSEN, BP, Kosmos Energy, Cairn Energy, FAR, Total E&P, Premier Oil, Shell, Tullow Oil along with the Ministries and key solution providers.

 More info

read more >