Shenhua Energy Unit Seeks Full Ownership of Xinjiang Coal-to-Gas JV

MT Newswires Live10-26

China Shenhua Energy's (SHA:601088, HKG:1088) subsidiary, China Energy Xinjiang Energy & Chemical, plans to buy the 50% stake it does not own in Guoneng Xinjiang Coal-to-Gas for 617.7 million yuan.

The stake will be purchased from China Energy Western Energy Investment, according to a Hong Kong bourse filing late Friday.

The target is developing a coal-to-natural gas project in Xinjiang with an annual production capacity of 2 billion cubic meters. Construction began in October 2025, with trial operations expected to start by the end of 2027.

Following the transaction, Guoneng Xinjiang will become a wholly owned unit of Xinjiang Energy and an indirect subsidiary of China Shenhua Energy.

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