China Natural Gas: Growth Appears Certain

China Natural Gas (CHNG.OB) is a small natural gas utility company in Shaanxi Province, PRC. It is a Delaware registered company that transports, transmits and distributes natural gas to residential, industrial and commercial customers in China.

CHNG also operates natural gas filing stations in Xian. Yes, there are cars using natural gas instead of gasoline in China. According to the Chinese government (2006), Xian has 5,000 buses and 20,000 taxis using natural gas as fuel. CHNG is opening up more natural gas stations all over the region. It just opened 4 new stations in this December. Of course, CHNG has a “monopoly” license from the Chinese government as the sole natural gas provider in its region. Financially, the company has grown more than 200% in both revenue and earnings for the last couple of years. I have no doubt that the company has great growth potentia