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China Gas manoeuvres for expansion into midstream

Taking a stake in a provincial pipeline operator has positioned China Gas Holdings to expand into LNG imports and gas storage Taking a stake in a provincial pipeline operator has positioned China Gas Holdings to expand into LNG imports and gas storage.

By Tang Tian 21 August 2018 0 32231

China Gas storage tanks. (China Gas Holdings)

One of China’s top city gas distributors has moved to acquire a sizeable stake in a provincial pipeline company in the eastern province of Shandong. The investment by China Gas Holdings could pave the way for it to expand up the value chain in Shandong – into gas imports and storage.

Hong Kong-listed China Gas will pay RMB 800 million ($116 million) for a 41% stake in Shandong Oil & Gas (SOG), making it the company’s second-biggest investor, according to

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