Jump to content

ENN Group

From Wikipedia, the free encyclopedia
ENN Group
新奥集团
Company typePrivate
Founded1993
FounderWang Yusuo
Headquarters
Langfang[1]
,
China
Key people
Wang Yusuo, chairman
Yu Yang, vice chairman and CEO[1][2]
Websitewww.enn.cn
ENN Group
Simplified Chinese新奥集团
Traditional Chinese新奧集團
Transcriptions
Standard Mandarin
Hanyu PinyinXīnào Jítuán

ENN Group (Chinese: 新奥集团; pinyin: Xīnào Jítuán) is a Chinese energy company and one of China's largest private companies.[3]

Founded by Wang Yusuo in 1993, ENN started in natural gas, and has expanded into solar energy, energy chemicals and real estate.[1]

Subsidiaries

[edit]
  • ENN Energy Holdings
  • ENN Natural Gas
  • ENN Ecological Holdings
  • ENC Digital Technology
  • Tibet Tourism Co.

Chinese gas system

[edit]

In China, ENN operates a 17000km natural gas pipeline for supplying natural gas powered transport vehicles. In 2013, the network had 238 gas stations in 59 cities.[4]

ENN partnered with the Canadian company Westport Innovations to build liquefaction and liquid natural gas (LNG) stations in North America.[4] Cheniere Energy and ENN Group reached a deal in 2021 which ENN would buy LNG from Cheniere. However, this deal was interrupted by the China–United States trade war before the parties came to a new 20 year deal in 2023.[5]

In 2024, BASF agreed to use ENN as their natural gas supplier for the next 15 years at their chemical processing facility in Zhanjiang.[6]

Blu LNG

[edit]

Blu LNG (also known as Transfuels LLC) is a joint venture (JV) between ENN and CH4 Energy Corp. The JV is lead by Merritt Norton and Jun Yang who represent CH4 and ENN respectively. The company builds LNG stations for truck refueling. In 2013, when Blu began constructing LNG stations in Utah, the United States had 28 LNG stations.[7] Blu planned to build about 50 stations in 2013 and an additional 500 over an unspecified time period but as of 2023 the United States only had 50 total stations.[7][8]

References

[edit]
  1. ^ a b c "Company Overview of ENN Group Co., Ltd". bloomberg. Retrieved 4 November 2015.
  2. ^ "Wang Yusuo". Forbes. Retrieved 4 November 2015.
  3. ^ Groom, Nicola (14 March 2013). "Exclusive: Chinese firm puts millions into U.S. natural gas stations". reuters. Retrieved 4 November 2015.
  4. ^ a b "Westport Innovations signs gas-supply deal with China's ENN". Reuters. February 28, 2013.
  5. ^ "Cheniere signs LNG supply deal with China's ENN". Reuters. June 26, 2023.
  6. ^ "BASF agrees 15-year gas supply deal with China's ENN". Reuters. April 5, 2024. Retrieved 11 August 2025.
  7. ^ a b Groom, Nicola (March 14, 2013). "Exclusive: Chinese firm puts millions into U.S. natural gas stations". Reuters. Retrieved 11 August 2025.
  8. ^ "Alternative Fuels Data Center". afdc.energy.gov. Retrieved 11 August 2025.
[edit]
Retrieved from "https://en.wikipedia.org/w/index.php?title=ENN_Group&oldid=1305286446"