June 5, 2018 / 3:10 AM / 4 months ago

Sinopec teams up with China Gas to develop Nanjing market

BEIJING, June 5 (Reuters) -

* A gas distributing unit under state oil and gas group Sinopec entered a joint venture agreement with China Gas Holdings to develop local gas infrastructure in the eastern city of Nanjing, Sinopec said on Tuesday

* Greatwall Gas, a unit of Sinopec, will join China Gas Holdings to build gas pipelines to transport gas from southwestern Sichuan to Nanjing in Jiangsu province, Sinopec said in a brief report on its website

* The companies will jointly develop the residential and commercial market in the city, as well as chemical plants at an industrial park in Nanjing, the report said

* China Gas Holdings is one of China’s largest independent domestic natural gas distributors.

Reporting by Chen Aizhu; editing by Richard Pullin

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