Canadian Ambassador visits Sanya as Changfeng Partners with Guangdong Natural Gas Grid Co., Ltd.

Canadian Ambassador visits Sanya as Changfeng Partners with Guangdong Natural Gas Grid Co., Ltd.

Hangfeng and Guangdong Natural Gas Grid Co., Ltd. (“Guangdong Grid”) signed a memorandum of understanding in April 2018 to jointly pursue natural gas pipeline projects in the Guangdong Province, the PRC. According to the Chinese government’s 13th five-year plan, Guangdong Grid must construct the natural gas trunk pipelines for 21 cities in the Guangdong Province and achieve full pipeline coverage by 2020. A task team has been established by Changfeng and Guangdong Grid to finalize the details of the partnership with the intention of creating a joint venture for the development, investment, and operation of city natural gas projects in the Guangdong Province.

Canadian Ambassador Visits Sanya Office

On April 28th, John McCallum, Ambassador of Canada to the PRC visited the Changfeng Sanya office. Mr. McCallum expressed gratitude for Changfeng’s efforts in clean technology and contributions in the Canadian community, including Changfeng’s donations in the Fort McMurray incident.

Guangdong Natural Gas Grid Co., Ltd.

Guangdong Grid was established in March 21, 2008, in Guangdong Province, the PRC. Guangdong Grid is a joint venture of the China National Offshore Oil Corporation, the Sinopec Group, PetroChina Company Limited and the Guangdong Yudean Group Co., Ltd., with a registered capital of RMB100 million. Guangdong Grid was formed with the purpose of establishing a province wide network of natural gas trunk pipelines by 2020. The Guangdong pipeline network is more than 3,100km in length, with a total planned investment of RMB470 billion. The reach of the Guangdong pipeline network includes the Pearl River Delta, eastern Guangdong, northern Guangdong, and the four regional Western Guangdong pipe networks to cover 21 cities in the Guangdong Province over the city-level natural gas distribution network, reaching annual gas transmission capacity of 60 billion cubic meters.

Source: https://globenewswire.com