March 6 (LNGJ) - China Gas Holdings, one of the leading Chinese city-gas company that recently agreed to buy LNG cargoes from Venture Global’s Plaquemine liquefaction and export project in Louisiana, has expanded its stake by another 32.4 percent at a cost of $245 million in the city-gas company of Hohhot City and seven surrounding counties and development zones in Inner Mongolia.
“Upon completion of the transaction, China Gas will hold 96.5 percent equity interest in the target company and the remaining 3.5 percent will be held by Inner Mongolia State-owned Capital Operation Co.,” said China Gas.
