GREKA China Ltd., a subsidiary of Green Dragon Gas, a publicly listed company on the London Stock Exchange

London Stock Exchange

The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...

 (Code: GDG), currently provides operational rights pursuant to production sharing contracts (PSC's) with China United Coal Bed Methane and Petro-China. Greka China is a vertically integrated business producing Upstream, Midstream, and Down Stream Coal Bed Methane (CBM) gas and distributes from these projects to customers in the form of Compressed Natural Gas

Compressed natural gas

Compressed natural gas is a fossil fuel substitute for gasoline , diesel, or propane/LPG. Although its combustion does produce greenhouse gases, it is a more environmentally clean alternative to those fuels, and it is much safer than other fuels in the event of a spill...

 (CNG) and pipeline in the form of Piped Natural Gas.

GREKA China Ltd. was founded in 1992. In August 2009, Greka China Ltd. and ConocoPhillips

ConocoPhillips

ConocoPhillips Company is an American multinational energy corporation with its headquarters located in the Energy Corridor district of Houston, Texas in the United States...

 reached an agreement on Production Sharing Contracts ('PSC') for development of surface-to-inseam wells at their Shizhuang South, Shizhuang North and Qinyuan PSC's. The agreement was intended to enhance the PSC development scale for the benefit of Greka through ConocoPhillips direct capital investment and provision resource experience.