Shanghai-listed Guangzhou Iron and Steel Co, Ltd. and two partners have recently begun construction of a gas project in Nansha, south China.

The project is undertaken by Guangzhou Guanggang Gas Co, Ltd, a joint venture between Guangzhou Iron and Steel Co, Asia Zhiguang Group and Guangzhou Nansha Chemical Investment Co, Ltd, with three sides holding a stake of 47.5 per cent, 47.5 per cent and 5 per cent respectively.
It will involve a total investment of 200 million yuan ($24.2 million) during the first phase, aiming to be the largest gas base in China.