China Natural Gas, Inc., ("CHNG"), is one of the leading providers of pipeline natural gas for industrial, commercial and residential use and compressed natural gas (CNG) for vehicular fuel in Xi'an, China and the first China-based natural gas company publicly traded in the US. It currently owns and operates a 120 kilometer long compressed natural gas pipeline in Xi'an, China, a fast growing Chinese city supported by a population of approximately 8.5 million and is the "gateway" to the broad Western regions of China. CHNG has three profitable business segments: retail natural gas at company-owned natural gas fueling stations; end user delivery of natural gas services to residential, commercial and industrial customers; and conversion of gasoline-fueled vehicles to hybrid (natural gas/gasoline) powered vehicles. The city of Xi'an has approximately 20,000 Taxis, 5,000 buses and 3,000 special purpose vehicles that are powered by compressed natural gas.
The company's headquarter, located at Hi-Tech Zone, Xian, Shaanxi, China
CHNG (http:// www.naturalgaschina.com) is a US Delaware registered public company that owns and operates its natural gas related businesses in China. China Natural Gas is the first China based natural gas company publicly traded in the US capital markets (stock symbol: CHNG). Managed by seasoned industry executives, the Company owns a 120 kilometer long Compressed Natural Gas (CNG) pipeline located in the city of Xi'an (Population 8.5 million), the capital city of China's Shaanxi Province and a gateway to China's vast western regions. CHNG is the sole authorized provider of natural gas to residential customers in certain parts of the Xi'an area, including Lantian County and the Baqiao District. The northern region of Shaanxi Province is the home to China's second largest natural gas reserve. The Company has been consistently profitable since its inception.
The Company is rapidly expanding its network of compressed natural gas fueling stations to satisfy strong customer demand. In August 2006, the Company announced expansion of their retail natural gas business into China's Henan Province, which is China's most populous province with a population of more than100 million. By the end of March 2009, CHNG had operated 35 retail CNG fueling stations.
We are a U.S. public company operating under the highest standards of U.S. corporate governance
We are a Delaware registered company that engages in the transportation, transmission and distribution of natural gas to residential, industrial and commercial customers in China.
We develop and provide 'clean energy' for the improvement of the environment
China's "Eleventh Five-Year Plan" (2006 - 2010) promotes alternative energy sources including compressed natural gas (CNG) fueled vehicles. Natural gas is the cleanest of all fossil fuels and emits fewer harmful pollutants into the atmosphere. As the Chinese government is aware and actively seeking reversal of the Country's severe environmental conditions, they strongly promote the use of natural gas due to its environmental friendly and cost effective features.
We have strong growth potential and are becoming a premier player in reducing China's reliance on imported petroleum
China Natural Gas is the sole authorized provider of natural gas to residential customers in certain parts of the Xi'an area, including Lantian County and the Baqiao District. During the current year we have continued to rapidly expand our network of compressed natural gas fueling stations in Shaanxi province and Henan province