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<title>aktiencheck.de - Forum - China Gas Holdings Ltd</title>
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<title>China Gas +10% +++</title>
<link>http://www.aktiencheck.de/forum/China_Gas_10-931817-t291912</link>
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<description>China Gas ++, China Gas May Increase LPG Sales Sixfold on Expansion 


 China Gas Holdings Ltd., the Hong Kong-listed supplier of the fuel to homes and businesses on the mainland, expects liquefied petroleum gas sales to surge sixfold as the company expands its distribution network to 300 cities.

Sales of bottled LPG may rise to 3 million tons by March 2012 as the company extends sales beyond the 113 cities it currently sells the fuel in, Chief Financial Officer Eric Leung said in an interview. The shares reached a two-year high today.

The government aims to increase the nation’s use of gas to reduce reliance on more polluting coal. China Gas, which sold about 500,000 metric tons of LPG in the last financial year, will mainly target areas not linked by pipelines, Leung, 60, said at an LPG storage base on Xiaomen island off Wenzhou city in Zhejiang province on Dec. 3. [&lt;a href=&#034;http://www.aktiencheck.de/forum/China_Gas_10-931817-t291912&#034;&gt;mehr&lt;/a&gt;]</description>
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