Green Dragon Gas to Demerge Engineering Business

Green Dragon Gas has announced that it will demerge its engineering business which will allow that business to take full advantage of the exciting opportunities offered by the rapidly growing unconventional gas market globally in addition to its strong foothold in China.

The company is one of the largest independent companies involved in the production of CBM gas and the distribution and sale of wholesale gas in China.

Greka Engineering is a newly-incorporated subsidiary of Green Dragon and was established to hold Green Dragon’s engineering and technology businesses and certain of its pipeline and gas compression assets. The Greka Engineering Group’s business includes the provision of engineering, procurement, construction and management services for infrastructure projects in the unconventional gas sector in China.  

“Greka Engineering was a necessity to efficiently develop our CBM resources and the many purpose built technologies and solutions are equally needed by the many unconventional resource developers within Asia. Green Dragon will continue to benefit from the application of such solutions but doesn’t benefit any further from such ownership,” Randeep S. Grewal, CEO and Founder of Green Dragon said.