China’s City Gas Operators Should Benefit From Strong Growth in Gas Demand
According to the National Development and Reform Commission, China’s apparent demand for natural gas was up 17.4% year over year in the first quarter of 2018, partly aided by an exceptionally cold winter. Going forward, we believe demand growth will stay strong as the Chinese government remains committed to increasing the consumption of natural gas to tackle pollution issues. Although this should continue to benefit city gas operators, we think it has been largely priced in by the market. As suc...China Resources Gas Group is an investment holding company. Co. operates a gas utilities group in China that is principally engaged in downstream city gas distribution business including piped natural gas distribution and natural gas filling stations operations. Co. and its subsidiaries' operating segments are as follows: sale and distribution of gas fuel and related products; which is engaged in the sale of natural gas and liquefied petroleum gas for residential, commercial and industrial use; and Gas connection, which engaged in the construction of gas pipelines networks under gas connection contracts.
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