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China Natural Gas, Inc progressing into Liquefied Natural Gas Market HTML clipboardIn Shaanxi Province, CHNG operates 28 compressed natural gas fueling stations, while it operates 12 fueling stations in Henan Province. CHNG also converts automobiles from gasoline-fueled vehicles to natural gas (or hybrid) powered vehicles to lessen their environmental impact. The problem of automobile-inflicted environmental damage is especially acute in China, where car sales have been rising by close to 80 percent a year, creating huge traffic jams and contributing to some of the world's worst air pollution, according to the New York Times. China has a serious pollution problem, and natural gas companies like CHNG are developing solutions to counter these circumstances. China Natural Gas is also progressing into the liquefied natural gas (LNG) market. LNG is natural gas that has been chilled to liquid form, reducing it to one-six-hundredth of its original volume at -161o C (-259o F) for transportation by ship or truck to destinations not connected by pipeline. On arrival, it is turned back into gas for distribution to power plants, factories, and households. The company is nearing...more
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