Brief: AAG Energy Holdings updates on potential impacts of the NDRC notice

AAG Energy Holdings

20/11/2015 14:10

Nov 20 (Reuters) - AAG Energy Holdings Ltd  2686.HK : 
 * Preliminary analysis of the potential impacts of the ndrc notice on our trading performance  2686.HK  
 * Benchmark city-gate prices of natural gas for non-residential users will be lowered by rmb0.7/cubic meter effective on 20 November 2015 
 * Says revised selling price is not expected to become effective until January 2016 
 * On 18 November 2015, published notice in connection with lowering the city- gate prices of non-residential natural gas 
 * ndrc also confirms that in next two to three years, all non-residential gas will be traded on an open and transparent platform 
 * Expects that the results of operations will be affected by fluctuations in natural gas prices in light of the notice 
 * Notice and expected price adjustment will not have any material adverse impact on co's results of operations for year ending 31 December 2015 
 * "Expects that this market driven approach of natural gas pricing may spike the demand for natural gas" 
 * Expects that impact on weighted average prices of coalbed methane produced by co will be around RMB0.40 to rmb0.45/cubic meter 
 * Source text for Eikon  ID:nHKSb7TTR2  
 
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