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China Natural Gas, Inc. (CHNGQ)

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0.45 Down 0.05(10.00%) Sep 19, 3:13PM EDT
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China Natural Gas, Inc.
Building B
Van Metropolis, 19th Floor
Xi, 710065
China - Map
Phone: 86 29 8832 3325
Fax: 86 29 8831 9221

Index Membership:N/A
Full Time Employees:1,056

Business Summary 

China Natural Gas, Inc., an integrated natural gas operator, engages in the sale and distribution of natural gas and gasoline to commercial, industrial, and residential customers in the People’s Republic of China. The company is primarily involved in the distribution of compressed natural gas (CNG) through its variable interest entity-owned CNG fueling stations. As of December 31, 2012, it operated 31 CNG fueling stations, including 20 CNG fueling stations in Shaanxi Province, 10 CNG fueling stations in Henan Province, and 1 CNG fueling station in Hubei Province. It also installs natural gas pipelines, as well as distributes and sells piped natural gas to residential and commercial customers through a high pressure pipeline network of approximately 120 kilometers in the city of Xi’an in Shaanxi Province, including Lantian County; the districts of Lintong and Baqiao in Shaanxi Province; and the city of Lingbao in Henan Province. As of the above date, the company had approximately 122,020 residential and commercial customers for its pipeline network, as well as operated 4 automobile conversion sites for converting gasoline-fueled vehicles to hybrid (natural gas/gasoline) powered vehicles. The company is based in Xi’an, the People’s Republic of China. On July 2, 2014, the involuntary petition of China Natural Gas, Inc. for reorganization under Chapter 11 was converted to Chapter 7. The involuntary petition was filed under Chapter 11 on February 8, 2013.

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Key Executives 
Mr. Shuwen Kang , 65
Chairman, Chief Exec. Officer and Pres
Mr. Zhiqiang Wang , 74
Vice Chairman, Independent Advisor, Chairman of Governance & Nominating Committee, Member of Audit Committee and Member of Compensation Committee
Ms. Lixia Cao ,
VP of Engineering and Technology Department
Jacky Shi ,
Investor Relations Director
Mr. Bin Wang ,
Chief Engineer
Amounts are as of Dec 31, 2012 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.