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| Title | [South China Morning Post] Daesung Taps China Gas Market | 2005.10.14 |
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FROM: South Korean gas network giant Daesung Group is investing in a city-gas distribution business in China, joining a growing list of foreign firms tapping the country's fledgling retail gas market. Daesung had made a preliminary deal with Singapore's City Gas and a major Chinese oil firm to supply gas in Qingdao in Shandong province, marking it the first Korean firm to venture into the mainland's retail gas business, chairman Kim Young-hoon said yesterday. "The market is huge but they don't have much knowledge in this sector, so they need us," Mr Kim said. The three-party consortium planned to supply 164 million cubic metres of gas via pipelines to about 50,000 households in Qingdao from 2007, Daesung spokeswoman Hanna Shin said. The consortium is considering building a 500,000-tonne liquefied natural gas (LNG) storage facility and is talking with several LNG suppliers in Australia, including Woodside Petroleum, to import the gas into the city. China, which is actively promoting LNG to diversify away from dirty coal while meeting double digit demand growth for electricity, wants to expand the proportion of energy it gets from gas to 8 percent by 2010 from 3 percent now. Big names already in the country's gas sector include Russia's Gazprom, Italy's Enel and Hutchison Whampoa. |
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| NO | Title | Date |
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| 22 | ABAC Events for Business | 2005.10.19 |
| 21 | [South China Morning Post] Daesung ... | 2005.10.14 |
| 20 | [Yahoo(www.stuff.co.nz)] Sheep Firs... | 2005.10.14 |
| 19 | Daesung Group to Invest in the NZ F... | 2005.10.13 |
| 18 | [Reuters] RPT-INTERVIEW-S.Korea's D... | 2005.10.12 |
