China Natural Gas

China Natural Gas

Type	Public (NASDAQ: CHNG)
Industry	Oil and Gas
Founded	December 2005
Headquarters	Xi'an, China
Key people	Mr. Ji Qinan (CEO)
Products	Natural gas
Revenue	$21 million (Q2 2009)
Profit	$4 million (Q2 2009)
Employees	710 (2009)
Website	www.naturalgaschina.com

China Natural Gas Inc. (NASDAQ: CHNG) is a Chinese energy company that, through its subsidiaries, is engaged in the distribution and sale of natural gas and gasoline to commercial, residential and industrial customers in the Xi'an area and the Shaanxi province of the People's Republic of China.

The company also engages in the construction of pipeline networks. It offers natural gas through a network of approximately 120 kilometers of high pressure pipelines and sells compressed natural gas as vehicular fuel through a network of filling stations in Shaanxi and Henan provinces.^[1]

China Natural Gas is the first Chinese natural gas retailing company to be publicly traded in the United States.^[2]

Jingbian Terminal

The company is building a local government supported liquefied natural gas processing and distribution plant in Jingbian, Shaanxi province, which is scheduled to be completed in December 2009.^[3]

References

1. ^ "China Natural Gas - About Us". http://www.naturalgaschina.com/AboutUs/TheCompany.html. Retrieved 2009-08-11. 
2. ^ "China Natural Gas Inc. Reports Operating Results (10-Q)". GuruFocus.com. 2009-08-10. http://www.gurufocus.com/news.php?id=64812. Retrieved 2009-08-11. 
3. ^ "China Natural Gas Provides Updates for Power Supply Agreement for Future LNG Plant". CNNMoney.com. 2009-08-17. http://money.cnn.com/news/newsfeeds/articles/prnewswire/200908170802PR_NEWS_USPR_____CNM034.htm. Retrieved 2009-08-17. ^{[dead link]}