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Sinopec teams up with China Gas to develop Nanjing market

BEIJING, (Reuters) -A gas distributing unit under state oil and gas group Sinopec entered a joint venture agreement with China Gas Holdings to develop local gas infrastructure in the eastern city of Nanjing, Sinopec said.

Sinopec China Gas
Greatwall Gas, a unit of Sinopec, will join China Gas Holdings to build gas pipelines to transport gas from southwestern Sichuan to Nanjing in Jiangsu province Map Source: EWA

Greatwall Gas, a unit of Sinopec, will join China Gas Holdings to build gas pipelines to transport gas from southwestern Sichuan to Nanjing in Jiangsu province, Sinopec said in a brief report on its website.

The companies will jointly develop the residential and commercial market in the city, as well as chemical plants at an industrial park in Nanjing, the report said.

China Gas Holdings is one of China’s largest independent domestic natural gas distributors.

Reporting by Chen Aizhu; editing by Richard Pullin

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Editorial comment
-Adrienne Blume
According to GIIGNL’s 2018 Annual Report, global LNG trade expanded by 3.5 Bft3d in 2018, to 38.2 Bft3d—a record 10% increase.
Power, LNG projects drive pipeline construction in Africa
-Shem Oirere
Increasing public investment in gas-fired power plants in Africa, the continuing recovery in global oil prices and persistent insecurity in key producer markets, such as Nigeria, are likely to impact gas transmission pipeline projects on the continent, even as more international companies express interest in the region’s stranded gas resources.

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