China Resources Gas Group Ltd. (LGX1)

Overview

China Resources Gas Group Limited, an integral part of the energy sector, primarily focuses on the distribution and sales of natural and liquefied gas, while also providing a suite of related services. As a notable investment holding entity, it plays a crucial role in connecting residential, commercial, and industrial customers to reliable gas supply through its expansive pipeline networks. Headquartered in Wan Chai, Hong Kong, and functioning as a key subsidiary of CRH (Gas) Limited, the group commands an extensive presence across the People’s Republic of China. By the close of December 2021, it proudly managed 273 city gas projects spread over 25 provinces, signifying its vast influence and operational capacity within the nation’s gas distribution sector.

Products and Services

• Sale and Distribution of Gas Fuel and Related Products: This segment focuses on delivering natural gas and liquefied petroleum gas to meet the varied needs of residential, commercial, and industrial users. China Resources Gas Group Limited ensures a stable and continuous supply of gas, adhering to high safety and environmental standards, thus serving as a linchpin in the energy consumption chain for a multitude of purposes ranging from heating to powering industrial operations.
• Gas Connection: This service area includes the construction of gas pipeline networks, tailored under gas connection contracts to expand accessibility and reach. Through their meticulous planning and engineering, they lay down the infrastructure essential for conveying gas safely to end-users, thereby enhancing the utility's penetration and customer access to natural gas.
• Comprehensive Services: This segment caters to the ancillary needs of gas users by selling gas appliances and related products. It serves to complement the core offerings of China Resources Gas Group Limited, ensuring customers not only receive the gas they require but also have access to the necessary tools and appliances for its utilization.
• Design and Construction Services: Offering a suite of design, construction, consultancy, and management services for gas connection projects, this segment underscores the company's commitment to delivering turnkey solutions. From initial design to the final construction, these services are integral in materializing gas connection projects that meet the specific requirements and standards of clients and regulatory bodies alike.
• Gas Stations: The operation of natural gas filling stations falls under this segment of the company. Catering mainly to the increasing number of vehicles powered by natural gas, these stations are a testament to the company’s adaptability and response to the evolving energy consumption landscape. By providing refueling services, China Resources Gas Group Limited supports the transition towards cleaner automotive fuels, contributing to environmental protection efforts.