China Resources Gas Group Limited ("CR Gas") is principally engaged in city gas distribution business including piped natural or petroleum gas distribution and operating CNG (compressed natural gas) filling stations in PRC. Its piped natural gas operations are strategically located in areas of China with rich reserves of natural gas and areas which are economically more developed and densely populated. Its operation covers provincial capitals and major cities such as Chengdu, Nanjing, Wuhan, Kunming, Jinan, Wuxi, Suzhou, etc.
The continued economic growth and the rapid industrialisation and urbanisation in China has spiked the demand for energy in China. In order to reduce reliance on polluting energy sources such as coal and crude oil, the PRC government has, in recent years, initiated various measure to promote the development and utilisation of less polluting energy sources such as natural gas, which is considered a cleaner but relatively new conventional energy source compared to coal and crude oil.
CR Gas believes that, leveraging on the superior revenue and customer mix of the Group, excellent relationships with governments and gas suppliers, the China Resources branding effect and excellent management team, together with the rapidly growing natural gas industry in China, it is well positioned to expand rapidly and establish itself as one of the leaders in the city gas distribution business in the PRC.
updated 17th January, 2011
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