The subsidiary of ENN Natural Gas Co. Ltd. (“ENN NG”), ENN Energy Holdings Ltd. (“ENN Energy”, stock code:02688.HK) started its city pipeline gas business in 1992 and it is one of the largest clean energy distributors in China.
By the end of 2021, ENN NG operates 252 city gas projects in 20 provinces. It provides gas services to more than 25.8 million residential customers and more than 200,000 commercial and industrial customers, covering a population of 124 million. In 2021, ENN NG’s total natural gas sales volume was 37.2 bcm, accounting approximately 10% of China’s total natural gas consumption.