IFC invests in Chinese gas firms
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London
THE World Bank's private lending arm is targeting investments in natural gas companies in China, the largest growing market for the fuel.
The International Finance Corp (IFC) is investing US$150 million in gas distribution company China Tian Lun Gas Holdings Ltd about two weeks after announcing a US$300 million debt-financing deal for China Gas Holdings Ltd. The IFC will probably invest in two to three other gas distributors in the nation in the "medium term", according to Lance Crist, the IFC's global head of oil and gas in Washington.
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