Giant Power International (GPI) is a Hong Kong-based holding company that invests in compressed natural gas (CNG) processing and wholesaling businesses located in China.
GPI, in co-operation with the PetroChina Hengran Petro-Gas Company (Hengran), has invested in four CNG processing and wholesaling businesses in the Chinese cities of Zhengzhou, Wuhu and Nanjing.
Three of the processing plants are in operation while the fourth plant is yet to receive final licensing. GPI directly and indirectly owns stakes ranging from 9% to 35% in these four processing and wholesaling businesses. Chinese oil and gas major PetroChina owns 20% of Hengran.
GPI noted that each of the three operating plants has a 20-year natural gas supply and distribution contract with PetroChina. Based on their daily natural gas handling capacity of 300-350 thousand cubic meters, these three operating plants are capable of handling 114 million cubic meters of natural gas per year.
