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 Tracking 1050 U.S. listed China Stocks and Counting...
 Tracking 1535 U.S. Stocks and Counting...

China New Energy Group Company (“China New Energy” or the “Company”) is engaged in the development of natural gas distribution networks, the distribution of natural gas to residential and industrial customers in small and mid-sized cities in China and the exploration and recovery of natural gas reserves. Currently, the Company, through subsidiaries in China, operates distribution networks to provide natural gas in the cities of north China. The Company continues to explore more prospective energy resources to meet the rapidly increasing demand in China. (Source: website)

We procure our natural gas by purchasing natural gas from third-party suppliers. Once natural gas is extracted by the supplier, all water content and impurities are removed. Natural gas is then delivered by truck to either:

  • our natural gas supply stations, where the gas is either depressurized and then delivered to households through pipelines or delivered directly to customers in pressurized tanks
  • to gas stations where the gas is sold for use in motor vehicles.

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Sticky7873 Addfavorites CNER
 

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Public2436 Addfavorites CNER
ny22 Info  (1)
 

China energy:

  • Consumption of natural gas in China is growing at 16.2% per year.
  • Consumption of oil in China is growing at 6.5% per year.
  • Consumption of coal in China is growing at 9.6% per year

* data from "Natural Gas Growth in China on Fast Track" article below

Why is natural gas consumption growing at 250% the rate of oil consumption? Because China's government wants clean air and what China's government wants, it gets. China has vast reserves of coalbed methane and shale gas.

The fastest energy growth play in China is CNER.OB. It is a natural gas infrastructure builder, operator, distributor, acquirer headed by a smart CEO with management background at Exxon, China Light & Power and the parent of Southern California Edison. Their customers are in the industrial, commercial and residential markets and the natural gas demand is growing fast. The following articles are background material on natural gas growth in China. These articles are published on Chinadaily.com, the website of the China government. You can see that China is pushing natural gas growth very hard.

1) Natural gas growth in China on "fast track"
http://www.chinadaily.com.cn/bizchina/2010-03/29/content_9658332.htm

2) Natural gas now powering 75% of China's electricity generation
http://www.chinadaily.com.cn/cndy/2010-03/26/content_9644605.htm

3) China National Petroleum Corp (CNPC) hastens natural gas development

http://www.chinadaily.com.cn/cndy/2010-04/01/content_9672116.htm

4) CNPC and Shell joint venture to develop 4000 sq.km of Jinqui block Sichan natural gas, CNPC and Shell joint venture to develop 4000 sq.km of Fushun block Sichuan, British Petroleum & Sinopec joint venture to develop shale gas

http://www.chinadaily.com.cn/bizchina/2010-03/24/content_9634066.htm

5) Australian coal seam gas giant Arrow Energy acquired by PetroChina & Shell for $3.2B

http://www.chinadaily.com.cn/bizchina/2010-03/23/content_9627634.htm

 

long CNER.OB. Long term hold. 

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