Attached files
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EX-99.1 - China Natural Gas, Inc. | v204346_ex99-1.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM 8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of report (Date of earliest event reported): November 25, 2010
CHINA
NATURAL GAS, INC.
(Exact
Name of Registrant as Specified in Charter)
Delaware
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001-31539
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98-0231607
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||
(State
or Other Jurisdiction
of
Incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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19th
Floor, Building B, Van Metropolis
35
Tang Yan Road, Hi-Tech Zone
Xian,
710065, Shaanxi Province
China
(Address
of Principal Executive Offices) (Zip Code)
86-29-88323325
(Registrant’s
telephone number, including area code)
(Former
Name or Former Address, if Changed Since Last Report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General
Instruction A.2. below):
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
1.01 Entry into a Material Definitive
Agreement
On
November 25, 2010, China Natural Gas, Inc. (the "Company") entered into a new
supply agreement with CNPC Changqing Oil Field Branch Company (“CNPC
Changqing”), a subsidiary of China National Petroleum Corporation (“CNPC”) in
Xi’an, China. The new supply agreement between CNPC Changqing and
Jingbian LNG Company, a wholly owned subsidiary of China Natural Gas, will
provide the Company with a supply of natural gas for its liquefied natural gas
("LNG") plant in Jingbian County, Shaanxi Province ("LNG
Project"). The Company expects to complete Phase I of the LNG Project
by the end of this year. Under the terms of the agreement, the
Company has the option to purchase up to 500,000 cubic meters of natural gas per
day, or 150 million cubic meters per year, of natural gas from CNPC Changqing at
a purchase price of RMB 1.355 per cubic meter. The agreement is
effective through December 31, 2011.
On
December 1, 2010, the Company issued a press release announcing the signing of
the new supply agreement between CNPC Changqing and Jingbian LNG
Company. A copy of this press release is attached as Exhibit
99.1.
Item.
9.01. Financial Statements and Exhibits.
Exhibit
No.
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Description
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99.1
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Press
release dated December 1, 2010
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Dated:
December 1, 2010
CHINA
NATURAL GAS, INC.
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By:
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/s/ Qinan Ji | ||
Name:
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Qinan
Ji
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Title:
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Chief
Executive Officer
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