China Gas Holdings Ltd 00384.HK

China Gas Holdings Limited is one of the largest trans-regional energy service enterprises in China. This operator and service provider is primarily engaged in the investment, construction and operation of city gas pipeline infrastructure facilities, gas terminals, storage and transportation facilities, and gas logistics systems, transmission of natural gas and liquefied petroleum gas to residential, industrial and commercial users.

In 2019, China Gas Holdings Limited signed strategic cooperation agreements with 15 provinces and municipalities across China, including Tianjin, Hebei, Shandong, Shanxi, Henan, Shaanxi, Anhui, Yunnan, Hainan, Heilongjiang, Hubei, Jilin, Guizhou, Sichuang and Hunan.

The agreement enables the company to convert coal boilers to natural gas boilers, natural gas for vehicles, distributed energy resources, natural gas storage facilities, gas pipeline networks and more, serving 177 different counties and districts in China.

China Gas Holdings Limited is listed on the main board of The Hong Kong Stock Exchange and in fiscal 2018/2019 reported that the company’s natural gas sales increased by 32.1% to 24.66 billion cubic metres. Trade0384.HKand tune in for regular share price updates.