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Sino Gas & Energy Holdings Announces New Sanjiaobei Gas Sales Agreement Signed

24 Jul 2017  |  08:39:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: New Sanjiaobei Gas Sales Agreement Signed

Sino Gas & Energy Holdings announced the signing of a new gas sales agreement (GSA) for the Sanjiaobei Production Sharing Contract (PSC). Its JV company, Sino Gas & Energy (SGE), in conjunction with its Sanjiaobei PSC Partner, PetroChina, have signed a new GSA for gas sales from the Sanjiaobei PSC to Shanxi GuoHua Energy (GuoHua), in addition to the recently signed GSA for the Linxing PSC. GuoHua is a subsidiary of Sinopec and is one of the gas distribution companies in Shanxi Province. The new GSA is effective until the end of the current PetroChina marketing period at the end of 2017 with a fixed price of US$6.40/mcf equivalent, consistent with the recent Linxing GSA, and GuoHua have agreed to purchase all available Sanjiaobei gas.

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