China Gas Holdings Limited has announced a strategic cooperation agreement with CITIC Construction Co., Ltd. and China CITIC Bank Corporation Limited. The collaboration aims to establish an integrated 'industry-construction-finance' ecosystem, focusing on energy storage and biomass energy sectors.
This partnership supports China's 15th Five-Year Plan and the Belt and Road Initiative by creating a comprehensive strategic partnership. The agreement includes cooperation in overseas energy infrastructure, industrial park businesses, and green finance. China Gas will lead project planning and technical solutions, CITIC Construction will manage engineering and construction, and China CITIC Bank will provide financial services.
The collaboration targets high-potential regions such as Europe, Southeast Asia, Central Asia, and North Asia, aiming to develop energy infrastructure and promote green development strategies. China Gas is accelerating its new energy business, focusing on energy storage and biomass energy, and expanding its market presence both domestically and internationally.
Chairman and President of China Gas, Liu Ming Hui, emphasized the company's shift from simple overseas expansion to a cluster-based international strategy. By leveraging industry leadership, engineering expertise, and financial support, China Gas aims to contribute to the sustainable development of global energy.