Yuan Heng Gas (00332) said it entered into a cooperation agreement with Qujing Gas in relation to the project of liquefied natural gas (LNG) supply for Yunnan cooper and zinc industry users in Maguan County, Wenshan, Yunnan Province, the PRC.
Qujing Gas shall be responsible to supply LNG to the industrial users located in Qujing region, Yunnan Province, invest in the facilities of the gasification station of the project, manage the gas transmission business of gas supply units on a daily basis and provide maintenance and repair to the gas supply facilities. Quijing Gas shall also be responsible for collecting the monthly LNG payment from the industrial users.
Yuan Heng Gas shall be responsible for the gas purchase and transmission according to the pricing formula set out in the agreement and ensuring timely, safe and sufficient transmission to the gas supply point.
Qujing Gas is a sino-foreign jointly owned enterprise of Yunnan Petrochemical Gas Co., Ltd.
26/09/2016 10:07
Yuan Heng Gas (00332) in LNG supply team-up with Qujing Gas
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