China Gas Rebuffs $2 Billion Offer From Sinopec, ENN Energy

China Gas Rebuffs $2 Billion Offer From Sinopec, ENN Energy

Nelson Ching/Bloomberg

A worker at the China Petroleum & Chemical Corp. (Sinopec) Yanshan refinery in Beijing. Buying China Gas would put Sinopec, Asia’s biggest refiner, in more direct competition with PetroChina Co. in the nation’s natural gas market, an analyst said.