The scope of the Company’s gas business covers natural gas storage, transmission, and sales, as well as the construction and management of city gas pipelines, gas for vehicles and vessels and refueling stations, distributed energy, LPG, development of new energy-related technologies and products, natural gas trading, and value-added services. The business spans the entire industry chain, from upstream resources and midstream transmission to downstream market applications, achieving comprehensive industry coverage. The annual gas sales volume exceeds 65 billion cubic meters, the total gas pipeline network extends approximately 600,000 kilometers, and the business serves more than 57 million gas subscribers. The main companies engaged in the gas business include Beijing Gas Group Company Limited (“Beijing Gas”) and China Gas Holdings Limited (“China Gas”).
Beijing Gas Group Company Limited
Beijing Gas mainly serves Beijing and its surrounding areas, and is the largest single-city gas supplier in China’s city gas industry. It ranks among the top in China in terms of pipeline network size, number of gas subscribers, annual gas sales volume, and annual sales revenue. It has achieved a cumulative natural gas supply exceeding 100 billion cubic meters, with annual gas supply exceeding 10 billion cubic meters and daily gas supply exceeding 100 million cubic meters. Beijing Gas holds a 40% equity interest in PipeChina Beijing Pipeline Co., which is primarily engaged in midstream natural gas transmission and owns and operates the Shaanxi-Beijing Natural Gas Pipeline Lines 1 to 4. Meanwhile, Beijing Gas also holds a 20% equity interest in PJSC Verkhnechonskneftegaz (“VCNG”) project of Rosneft Oil Company. The VCNG project owns the oil and natural gas exploration rights for one of the largest oil and gas fields in East Siberia, marking Beijing Gas’s expansion of its value chain into the upstream sector of oil and natural gas.
China Gas Holdings Limited
China Gas (0384.HK) is one of China’s largest trans-regional integrated energy suppliers and service providers. Presence mainly in China, it specializes in the investment, construction, and operations of city and township gas pipelines, gas terminals, storage and transport facilities, and gas logistics systems, delivering natural gas and liquefied petroleum gas (“LPG”) to residential, industrial, and commercial users. It also builds and operates compressed natural gas (“CNG”)/ liquefied natural gas (“LNG”) fueling stations while developing and applying natural gas and LPG technologies. China Gas has developed a full-fledged business portfolio centered around piped gas, stretching across LPG, LNG, integrated energy, gas equipment and kitchen appliances, and grid-based new retail in the private domain backed by stores.
Beijing Gas Tianjin Nangang LNG Project