China Natural Gas Inc. (CHNG.OB) Sees Tax Incentives and Exclusive Distribution Rights Boosting Revenues
China Natural Gas Inc., a natural gas retailer operating in Central China, offers retail compressed natural gas (CNG) and piped natural gas to consumers and businesses located in and around central Guangzhou Province. The company is considered the “tip of the sword” in China’s plan to address environmental concerns with CNG and piped natural gas in the region. The company operates on three levels and should be able to capitalize on the government’s new outlook toward CNG and piped natural gas on each level it serves. The company’s CNG car conversion business will see increased revenues owing to modifications made…