China Gas International (an indirect wholly-owned subsidiary of China Gas Holdings Ltd) will purchase 3.4 million MMBtu of liquefied natural gas (LNG) from Beijing Gas Singapore. Key details of the transaction include: Total Consideration: USD 38,885,800 (approximately HK$303.3 million). Pricing Basis: The price was determined based on the Japan/Korea Marker (JKM) LNG benchmark price quoted on Platts, plus a fixed price coefficient. Agreement Date: The parties entered into a Master Agreement on December 8, 2025, and a specific Confirmation Memorandum on December 10, 2025. Connected Nature: This is classified as a “connected transaction” because Beijing Enterprises Holdings Limited (BEHL) is a substantial shareholder in both China Gas Holdings and Beijing Gas Singapore.
Note by Alessandro Bazzoni