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Beijing Gas Group

Rosneft and China's Beijing Gas Group Company Limited have closed the sale deal for a 20% stake in Verkhnechonskneftegaz, PJSC (a subsidiary of Rosneft), the Russian oil company said.

A 20% stake cost about $ 1.1 billion.

29 June 2017
TASS

The Governmental Commission for the Control of Foreign Investments in the Russian Federation approved the request of the Chinese Beijing Gas for the purchase of a 20 pct stake in Verkhnechonskneftegaz, as stated Andrey Tsyganov, Deputy Head of the Federal Antimonopoly Service, with his interview with journalists at the end of the Commission’s meeting.

08 April 2017
TASS

The Federal Antimonopoly Service (FAS) of Russia received an application from the Chinese company Beijing Gas Group to purchase a stake in Verkhnechonskneftegaz (VCNG) of Rosneft, as reported by Andrey Yunak, Head of the FAS Foreign Investment Control Department, to RIA Novosti.

“The FAS of Russia received an application from the Chinese company Beijing Gas Group Co. LTD to purchase a stake in Verkhnechonskneftegaz. The transaction will be agreed upon within the timeframe established by 57-ФЗ,” Mr. Yunak said.

14 February 2017
RIA Novosti
Investor
1 100.0 mln
Irkutsk Region

Investor profile

Beijing Gas Group

China

Company's website: www.bjgas.com

T: 86 10 6620 5589

Private company

Contact: Ms. Yalan Li, Vice-President

Beijing Gas Group Company Limited is part of Beijing Enterprises Group Limited and is a leading company in the field of natural gas supply, construction of gas infrastructure and power generation in the Beijing region. The company manages more than 20 gas projects in the People’s Republic of China. Beijing Gas is China’s first company that supplies more than 10 billion cubic meters of gas to one city. The company also owns a marine terminal for the storage and transshipment of LHG in Guadao with a design capacity of 6 million tons per year.

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