Corporate News
  • 2024-11-08

    ENN NG Releases 2024 Semi-Annual Report with Steady Growth and Innovation-Driven Future

    August 23 – ENN Natural Gas Co., Ltd. (stock code: 600803.SH) released its semi-annual report for 2024, demonstrating steady growth. During the reporting period, total natural gas sales rose by 5.8% year-over-year, reaching 19.115 billion cubic meters, with total revenue of 67.014 billion CNY. Thanks to outstanding operational performance and a stable financial position, the company maintained strong growth momentum despite a complex global economic environment, achieving innovative breakthroughs and producing positive free cash flow for several consecutive years, supporting a steady increase in dividends. Cash dividends from 2023 to 2025 (before tax) will not be less than 0.91 CNY, 1.03 CNY, and 1.14 CNY per share, respectively. In the first half of the year, the company repurchased 9.3513 million shares, totaling 172 million CNY.

  • 2024-11-08

    ENN NG Expands International LNG Shipping Capacity to Ensure Delivery of Long-Term International Supply Contracts

    ENN Natural Gas Co., Ltd. (stock code: 600803.SH) recently announced that on July 15, it held the 17th meeting of the 10th Board of Directors, during which it reviewed and approved the “Proposal on Guarantee Provision by a Wholly-Owned Subsidiary for Three Associated Companies.” According to the proposal, the wholly-owned subsidiary, ENN LNG (Singapore) Pte. Ltd. (ENN Singapore), will provide credit enhancement guarantees for three associated companies—Deneb Ocean, Altair Ocean, and Vega Ocean—each with a maximum guarantee of USD 1.82 million. The proposal will be submitted to the general shareholders’ meeting for further review.

  • 2024-11-08

    ENN Energy Receives S&P CSA Rating Upgrade, Ranks Among Global Leaders in Gas Utilities

    Recently, S&P Global, a leading international rating agency, released the latest scores for its Corporate Sustainability Assessment (CSA), awarding ENN NG an impressive 67 points. This marks a 9-point increase from the previous year and places ENN NG 23 points above the global industry average. ENN NG now ranks among the top Chinese gas companies and within the top 25% of global gas utility companies. The company achieved full marks in 31 subcategories, including climate governance, human resource management, occupational health and safety, corporate governance, business ethics, sustainability disclosure, and market opportunities. This significant improvement highlights ENN NG's dedicated efforts and exceptional achievements in sustainable development management practices.

  • 2024-11-08

    Smart Innovation for a Sustainable Energy Future – ENN NG Unveils Upgraded ESG Vision

    Recently, ENN Natural Gas Co., Ltd. (referred to as "ENN NG" or "the Company," stock code: 600803.SH) formally released its sustainability vision, “WISE: With Wisdom, We Innovate Sustainable Energy.” Marking the company's 30th anniversary as a publicly listed entity, this ESG vision represents a new starting point for ENN NG’s journey toward sustainable development, reflecting the company’s deep commitment and thoughtful approach to environmental, social, and governance (ESG) responsibilities.

Home About us

ENN Natural Gas Co., Ltd.

ENN Natural Gas Co., Ltd. (stock code: 600803.SH) is an A-share listed energy company operating 260 gas projects across 21 provinces in China. The company serves over 30 million households and more than 250,000 industrial and commercial customers. Its business spans the entire natural gas value chain, including sales, infrastructure operation, storage and distribution, industrial intelligence platform development and operation, and engineering. Leveraging its extensive experience in the natural gas industry and IoT data, ENN is building a foundational industry model, aiming to become a leading operator of a Natural Gas Expertise and Capability Platform.

In 2023, ENN generated revenue of 143.842 billion CNY, with total gas sales reaching 38.671 billion cubic meters, representing approximately 10% of China’s total natural gas consumption.

Through strategic business development and asset allocation, ENN has established four key pillars across the entire natural gas value chain: a domestic customer base of nearly 40 billion cubic meters, a diversified, flexible, and independently managed resource pool, a gas and liquid delivery network anchored by the Zhoushan LNG receiving terminal, and an advanced international risk management system centered around the Tianjin International Oil and Gas Trading Center. The company’s proprietary platform, GreatGas, uses digital intelligence to connect the demand and supply sides of the natural gas industry, enhancing operational efficiency throughout the value chain.

Looking ahead, ENN will continue optimizing its large-scale natural gas model, using digital intelligence to reshape the industry’s growth model, promote a prosperous natural gas ecosystem, and contribute to the development of a modern energy system.

  • City gas operations

    The company's natural gas retail business is to purchase natural gas. After gasification, pressure regulation, impurity removal, dehydration and odorization, the gas is delivered to the end users such as industry, commerce, residents and automobiles through the pipeline network. The company currently has 217 urban gas projects and 157,000 industrial and commercial customers.

  • Ubiquitous energy solutions

    Ubiquitous energy describes a geography-specific energy system that starts from user’s demand, with the full-value exploitation and utilization of energy at its core, prioritizes use of clean energy, integrates energy use and supply of multi-energy.

    The concept of ubiquitous energy arises in response to bottlenecks in traditional energy industry, such as centralized supplies, separate silos for development, isolated islands for operation, etc. The concept aims to address issues of inefficiency, pollution, ans safety issues in all processes from energy use, production, transmission, distribution and storage. Ubiquitous energy will revolutionize China’s energy industry and facilitate the building of modern energy system which is safe, efficient, clean and economical.

  • Infrastructure operations

    The ENN LNG terminal in Zhoushan includes three functional jetties, which integrate multi-task/functions such as receiving and storage, gas/liquid sendout, reloading and redelivery, LNG bunkering, ship-to-ship transfer, and peak shaving into one stop shop. The LNG bunkering function is the first case for receiving terminals in China that can provide LNG refueling services for passing ships engaging in both international and domestic trade.

  • Natural gas mid-stream solutions

    The company has established long-term strategic cooperation with China National Petroleum Corporation, Sinopec, CNOOC, Total, Chevron and other large domestic and foreign oil and gas resource providers, innovated resource procurement mode, and improved resource acquisition ability.

    It operates the largest LNG logistics network in China, with a transport capacity of about 1,500 vehicles and an annual transport capacity of over 10 billion cubic meters, ranking the first in China in terms of distribution capacity. We have built 63,000 kilometers of high pressure and high pressure urban pipelines, built more than 200 natural gas storage stations, and put in place an extensive natural gas storage and transportation network.

  • Production

    The company has LNG liquefaction plants in Shanxi Qinshui, Chongqing and other domestic cities.

    We will promote clean coal use by relying on self-developed efficient and low-cost coal-to-natural gas technologies such as catalytic gasification and hydrogasification. A coal-to-gas base has been set up in Dalat Banner, Ordos City, Inner Mongolia, with an annual joint production of 200 million cubic meters of natural gas in 2018. With the new coal to gas technology as the core, we can provide customers with integrated solution services including technical consultation, engineering design, complete equipment, project construction and intelligent operation.

    The company has the mining right of Wangjiata Coal Mine, and the mining, washing and transportation of coal are all entrusted to the third party. The main raw material of methanol products of the company is coal, which is mainly purchased in and around Ordos City, Inner Mongolia. At present, the company has two sets of production facilities, with a total design capacity of 1.2 million tons/year. In 2020, the annual output of coal will reach 6.34 million tons, and the annual output of methanol will reach 1.48 million tons.

  • Engineering & construction

    The company has Grade A design qualification in chemical, petrochemical and pharmaceutical industry, Grade A professional design qualification in municipal industry (gas and thermal engineering), Grade A professional design qualification for pipeline transportation in oil and natural gas industry, and Grade A qualification for general contracting of many construction projects. More than 8,000 kilometers of medium and high pressure pipelines have been laid in more than 20 provinces and overseas, including 3 LNG receiving stations, more than 10 LNG liquefaction plants.

    The company has formed the business model of "technology + core equipment, system integration and solutions", built the technology-driven integrated business chain of RDEPMC, and has the ability to independently undertake business such as technology research and development, consulting, system design, equipment integration and project management (conventional, comprehensive and traversal).

    In the era of digital intelligence, the company is guided by intelligent planning. Through intelligent construction, digital delivery and intelligent operation based on the Internet of Things, the company keeps iterating and depositing industrial intelligence, and provides full life cycle mid-platform services including intelligent investment, construction and operation, so as to meet customers' low-carbon, efficient and intelligent operation.

【网站地图】【sitemap】