Investment Updates News
- China Gas to invest in LNG facility
Date: 7-Dec-2006 Sources: (Shenzhen Daily)
DOMESTIC piped-gas operator China Gas Holdings said yesterday it would invest 800 million yuan (US$102 million) in a liquefied natural gas (LNG) production and distribution plant in Chongqing.
China Gas said it would set up a wholly-owend facility, which would produce 300,000 tons of LNG per year, bringing in an annual revenue of more than 1.2 billion yuan for the group.
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