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Multiple sources confirmed that on the eve of national day, one of the main gas pipeline operators of China Gas Holdings Co., Ltd. (hereinafter referred to as the "fuel"), its main shareholders one of Korea's largest city gas / power company SK E & S (hereinafter referred to as "SK") was established in the joint venture company has quietly begun formal operation.
As early as 2007, Chimbusco and SK have been in contact, cooperation. In 2012 SK became the largest shareholder in, was intended to control the fuel.
Chimbusco in response to reporters said, Chimbusco has been in close cooperation with the SK, SK as a major shareholder of the zhongran and Chimbusco long-term partners. And the establishment of the joint venture company will promote Chimbusco develop new markets and in a more competitive price to purchase gas, favorable Chimbusco further bigger and stronger.
Each takes what he needs
It is reported that the two sides signed an agreement in June this year and set up a joint venture company. The partnership, Chimbusco with SK in the layout of the world's natural gas resources, intended for the most competitive price of LNG and stable supply of LNG; at the same time, by burning in the existing 300 multiple urban pipeline gas project, SK can also be from seeking greater space for development.
Gas analyst Guang bin Liu believes that SK is not only the world's top 500, or the world's largest independent LNG import purchasing business, with rich LNG procurement resources and experience, Chimbusco has now set up the LNG gas trading company, is making efforts to complement gas procurement, sale system short board, the two can complement each other.
The reporters found that the SK in last year in August once and Kanas Group signed a cooperation agreement, its value is Kanas occupy domestic LNG market, 15% of the share and coverage of the LNG sales network.
According to data provided by the current LNG import CIF 2480 yuan / ton, plus rental, freight costs, the overall cost is not more than 3000 yuan / ton; while the domestic LNG factory factory price at 3472 yuan / ton, mainly concentrated in Shaanxi and other places, plus the total cost of shipping more than 4000 yuan / ton. Import LNG obvious advantages, the future will gradually become the mainstream.
So, they fit in easily with is also reasonable.
In set up only 13 years, but with the SK contact and cooperation has reached 9 years of history.
Early in 2007, their first joint venture CHIMBUSCO SK Energy Holdings Co., Ltd. was established, each accounted for 50% of the shares; a year later, SK through purchases on the open market, directly held Chimbusco 4.98% stake, open both equity capital cooperation process. Then in Chimbusco founder Liu Minghui, Huang Yong was taken during the period of investigation, SK through a series of operation of a few degrees of holdings of shares, became the largest shareholder of the zhongran, collaborative recall China's board of directors chairman Li Xiaoyun, vice chairman Xu of the board, made in the real control right.
"After the end of 2006 liuminghui visit South Korea SK headquarters, the two began work closely, liuminghui was investigated in a two month before who will sell 4000 million shares in the stock to the SK chairman CheY, and after consecutive executives unrest, let SK saw a further strengthening of Chimbusco control opportunity", a reluctant to disclose the name of the gas company told reporters.
This is domestic various accused SK while Chimbusco executives turbulence, intended to control the fuel, and its official, military background is the industry criticized.
Chimbusco this argues, SK only in Chimbusco board of directors have a non executive board seats, does not appear to be "white" gas in China.
But from a strategic investor to secret Xichou, a few degrees of overweight, from quietly entered to throughout the lobby to recall the founding shareholders have triggered speculation that the parties. Since then, under pressure from all sides, but also by the SK to settle a matter by leaving it unsettled, SK, has become one of the main strategic shareholders in the.
Reporter on issues related to the South Korean SK sent to interview letter, but did not receive any response before the deadline.
Chimbusco mutation In this cooperation not only South Korea's SK and gas in India, Britain Fudi petroleum, Beijing holding group, and these enterprises are Chimbusco's main shareholders. In efforts to create an international shareholder structure has been known to move. "Chimbusco shareholders have not only financial investors, more with zhongran complementary advantages of industrial collaborator", Acciona analysts think Chen Yunying told reporters, such as British Petroleum Fudi Chimbusco provides a rich and stable supply of LPG; India gas is Chimbusco provides layout Asia fuel gas market entry point. At present, Chimbusco's main strategic shareholders include: Beijing holding group, founder Liu Minghui, South Korea's SK, Britain Fudi petroleum, China petrochemical, gas company in India, the Asian Development Bank, the Taiwan Affairs Office Strait Economic Cooperation in science and technology center, "as a private enterprise, in city gas such a monopoly in the field of development, seeking cooperation with the state-owned and foreign background and in between balance is more important", Chen Yunying said. Statistics show that as of March 31, 2015, Chimbusco has achieved gas ventilation of the city reached 190, 273 cities gas franchise, accumulative total has been built 60419 km gas pipeline network and seat 269 storage and distribution station station, storage and distribution station design, supply capacity for 79290000 m3. Accordingly, the fuel has actually become the domestic city gas companies most franchise. Of more concern is, as of the first quarter, Chimbusco accumulated has CNG station 160 360 and LNG vehicle fueling station, especially in fiscal year 2015 is zhongran gas station the fastest growth in the number of a year, the period added a total of 65 CNG filling stations and 102 of LNG vehicle fueling station, increasing rapidly. Chimbusco's executive director, chairman of general manager Liu Minghui told reporters that despite the economic slowdown, oil prices fell, Chimbusco still believe that natural gas as a clean energy future. "With zhongran in domestic market layout, experienced team, effective development strategy, Chimbusco actively expand 'Center - satellite cities' and CNG / LNG refueling station strategy will achieve good results, Liu Minghui said. But in reality, "stations wolf much less meat, multi station car less; and long-term oil prices slump, the economy of LNG has been greatly weakened future Chimbusco also face new Austrian, CNOOC and other strong competitors", the gas company sources said.