[ET Net News Agency, 11 June 2021] China Gas Holdings Limited (00384) said the company
and Huaxin Gas Group Co., Ltd. (Huaxin Gas) has entered into a strategic cooperation
agreement.
Based on the principle of "complementary advantages, voluntary mutual respect,
cooperation for winwin situation", the group will leverage its competitive edges as the
largest clean energy service provider in China and Huaxin Gas as the leading gas
enterprise in Shanxi to optimize the energy supply and consumption structure, as well as
to promote the reduction and substitution of coal consumption in Shanxi, which will
accelerate the development of Shanxi's gas business.
They will (1) support coal-to-gas replacement projects and air pollution control; (2)
increase investment to expand the scale of city gas companies and accelerate the promotion
and use of gas; and (3) facilitate the building of supply, storage and distribution system
of coal-derived gas and natural gas in Shanxi province. (RC)