Sino Gas and Energy
(ASX:SEH) has signed a new gas sale agreement for the Sanjiaobei Production Sharing Contract (PSC), which expands its off take options.
The company says the agreement also maximises its revenue and production opportunities.
It comes as the firm, in conjunction with its JV partner, PetroChina signed a new gas sale agreement with one of the largest gas distribution companies in the Shanxi Province of China, Shanxi GuoHua Energy Limited.
The company says the new sale agreement is on favourable terms and is effective until the end of 2017, with a fixed price of US$6.40mcf equivalent.
Shares in Sino Gas and Energy
(ASX:SEH) last traded 2.381 per cent higher on Friday to 8.6 cents.
