Sinopec, ENN Energy Make USD 2 Billion Offer for China Gas

China’s Sinopec Corp, and ENN Energy Holdings Ltd. said today they plan to acquire China Gas Holdings Ltd.

Sinopec and ENN Energy are offering to pay up to $2.2 billion cash for control of gas distributor China Gas Holdings.

China Gas Holdings Limited is a natural gas services operatorand it principally engages  in the investment, operation and management of city gas pipeline infrastructure, distribution of natural gas and LPG to residential, commercial and industrial users in China.

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LNG World News Staff, December 13, 2011