June 23, 2017 5:12 AM ET

Construction and Engineering

Company Overview of Qujing City Fuel Gas Co., Limited

Company Overview

Qujing City Fuel Gas Co., Limited engages in gas pipeline construction and gas distribution. The company is based in Qujing, China.

Qujing,  

China

Key Executives for Qujing City Fuel Gas Co., Limited

Qujing City Fuel Gas Co., Limited does not have any Key Executives recorded.

Qujing City Fuel Gas Co., Limited Key Developments

Guangzhou Yuanheng Gas Co., Limited and Qujing Gas Co., Limited Enter into Co-Operation Agreement

The board of directors of Yuan Heng Gas Holdings Limited (company) announced that on 23 September 2016, Guangzhou Yuanheng Gas Co., Limited (Guangzhou Yuanheng), a wholly-owned subsidiary of the company and Qujing Gas Co., Limited (Qujing Gas) entered into a Co-operation agreement 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. Pursuant to the agreement, 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. Guangzhou Yuanheng 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. The parties to the Agreement will share the net profit equally from the revenues after deducting the operation costs of Quijing Gas and the purchase/transportation costs of LNG of Guangzhou Yuanheng in accordance with the profit sharing formula set out in the agreement.

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