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HONG KONG, CHINA - MediaOutReach - 12July 2018 - Industrial Securities issueda research report on Beijing Gas Blue Sky HoldingsLimited("the Company" or "BGBS", together with its subsidiaries, the "Group", HKSEstock code: 6828). The report states that BGBS has completed the acquisitionof 29% equity interest of a LNG terminal in Caofeidian, Tangshan. It enablesthe Company to seize the opportunity of selling natural gas and importing LNG.In 2018, it is expected to see a significant growth in revenue of BGBS.
According to thereport, the PRC government is committed to improving energy consumptionstructure and promoting the "coal to gas" policy, which result in rapid increaseof natural gas demand. It is a must to increase the import of LNG to ease theuneven supply and demand in the natural gas industry in the PRC. The acquisitionof the Caofeidian LNG terminal enables the Company to enter the market and gaina stable market share. It helps to further promote the strategic development ofthe Company's entire business chain of LNG, as well as to improve its financialperformance.
IndustrialSecurities expected that the acquisition of Jilin and Shaanxi projects (threecity gas projects) will greatly increase the gas sales volume of the Company thisyear. In addition, Industrial Securities is optimistic of the acquisition ofthe Teng County Project, first city gas asset injected by Beijing Gas. TengCounty is the second largest regional titanium reserve in the PRC. The projecthas a 30 years of franchise operation right and mainly supply natural gas to industrialusers (ceramics and titanium). It is expected to contribute 300 million cubicmeters of annual gas sales volume in the coming years.
About Beijing Gas Blue SkyHoldings Limited
Beijing Gas Blue Sky HoldingsLimited ("Beijing Gas Blue Sky", HKSE stockcode: 6828) is an integrated natural gas provider, distributor and operator,with an emphasis on the midstream and downstream natural gas development. Ournatural gas business includes: (i) construction and operation of compressednatural gas ("CNG") and liquefied natural gas ("LNG") refueling stations forvehicles; (ii) construction of natural gas pipelines and operation of city gasprojects by providing piped gas; (iii) direct supply of LNG to end-users; and(iv) trading and distribution of CNG and LNG.
The Group has adapted to the "One Belt One Road"policy, and focus on operating and investing natural gas business. The Group isactively expanding its business development and distribution, as well ascontinues to gradually expanding the scale of operations. Currently, the Grouphas business presence in several provinces in Northeast China, East China,Central South China and Southwest China, including Liaoning Province, Shandong Province,Anhui Province, Zhejiang Province, Hubei Province, Guizhou Province, SichuanProvince and Hainan Province, etc. The Group is committed to its vision:"develop clean energy, enhance customer value, create a beautiful bluesky". In the future, it will continue to actively investing and developingnatural gas business, as well as participating in the development of naturalgas industry value chain.
