Sino Gas & Energy Begins First Gas Sales from Linxing PSC

Sino Gas & Energy Holdings has started first CNG sales on its Linxing Production Sharing Contract.

In October 2013, Linxing PSC partner China United Coalbed Methane (CUCBM), signed a CNG gas sales agreement to supply gas to a division of the Shanxi International Energy Group, who is also the purchaser of pipeline gas under the GSA signed in June 2013, Sino Gas said in a statement Friday.

Under the CNG gas sales agreement, first gas was successfully transported by road to SIEG’s distribution facility on December 21, 2013.

“Commencement of sales marks a significant milestone in the development of the Linxing PSC and accelerates monetisation of the Company’s Ordos Basin gas assets,” Sino Gas Managing Director & CEO, Robert Bearden said.

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