Gulf Oil and Gas accountACCOUNT

Linxing Gas Sales Agreement Extension

Source: www.gulfoilandgas.com 6/6/2018, Location: Asia

Share |
Sino Gas & Energy Holdings Limited’s (Sino Gas) Joint Venture company, Sino Gas & Energy Limited (“SGE”), in conjunction with its Linxing Production Sharing Contract Partner, China United Coalbed Methane, has agreed terms for a one-year extension to 31 March 2019 of a Gas Sales Agreement with Shanxi GuoHua Energy Limited Company, a Sinopec subsidiary and one of the largest gas distribution companies in Shanxi Province.

The agreed average sales price, effective 1 April 2018, has increased 5% from the previous contract to RMB 1.61 per cubic metre (~US$7.12 per Thousand standard cubic feet 1), taking into account seasonal adjustments, and is the same price agreed with the other current gas buyer of Linxing gas per the announcement made on 29 March 2018.

Sino Gas’ Managing Director Glenn Corrie said, “This agreement is consistent with SGE’s natural gas marketing strategy to maximise price, volume off-take and certainty by maintaining a diversified portfolio of gas buyers”.

Financials and Investment News in China >>

Austria >>  6/20/2018 - The Organization of the Petroleum Exporting Countries (OPEC) meets on 22 June 2018 to decide output policy amid calls from major consumers such as the...
China >>  6/6/2018 - Sino Gas & Energy Holdings Limited’s (Sino Gas) Joint Venture company, Sino Gas & Energy Limited (“SGE”), in conjunction with its Linxing Production ...

United Arab Emirates >>  6/5/2018 - Abu Dhabi National Oil Company is considering selling another 10 percent stake in its fuel distribution business, which listed in an initial public of...
Nigeria >>  6/1/2018 - Baker Hughes, a GE company, has unveiled plans to partner with local firm, TREXM Oil and Gas Services to bring about its latest innovating metering so...

Tanzania >>  6/1/2018 - Wentworth, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company, provides an update to shareholders. ...
China >>  5/31/2018 - Sino Gas & Energy Holdings Limited has entered into a Scheme Implementation Agreement with a wholly owned subsidiary of Lone Star Fund X Acquisitions,...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


China Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 |

Oil & Gas Projects in China >>

More News

 

Oil & Gas Companies in China >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.