Chinese power company GCL Holdings restructures to focus on natural gas business, aligning with China's growing gas demand.

Chinese power company GCL Holdings is rebuilding its natural gas business after offloading solar installations, aiming to join tier-two LNG players in China like ENN and Beijing Gas Group. GCL plans to set up gas import capacity and a trading operation, following a divestment of 220 solar stations. The move aligns with China's growing demand for natural gas, and GCL seeks to capitalise on this market expansion.

April 01, 2024
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