25 September 2018

PetroChina halts gas supply to Cangzhou Dahua, filing says

Chemical producer CangzhouDahua Co.Ltd (600230.CN) said in a stock exchange filing Wednesday that PetroChina Co. Ltd. (00857.HK, 601857.CN) cut natural gas supply on Tuesday to meet urban heating demand in northern China. The government has told PetroChina, Cangzhou Dahua’s major gas supplier, to give priority to civilian users rather than industrial firms. The chemical producer’s urea and nitrate output will therefore be affected as natural gas is both a major raw material and source of fuel, the filing said.

– Contact HKEJ at [email protected]


    EJI Weekly Newsletter

    Please click here to unsubscribe