A delegation from the Guangdong Rising Assets Management Company (GRAM) has conducted a field research on the natural gas exploration situation from October 14 to October 15 in Dehong and a preliminary agreement of joint exploration has been reached, according to the Dehong official website.

Zhao Jin, secretary of Dehong, and several other leaders had a symposium with the delegates about the exploration program for natural gas.

GRAM first sent a delegation to Mangshi, Dehong in late September to investigate the natural gas program. A preliminary agreement of joint exploration was reached that time. GRAM decided to cooperate with the Dehong government on the exploration of 1.5 billion cubic meters of natural gas, and on the investment, development and trade of related products.

GRAM is one of the largest state-owned enterprises supervised by the State-owned Assets Supervision and Administration Commission of the Guangdong Provincial People’s Government. It mainly deals with the nonferrous metals industry, electronic information industry, hotel and tourism industry, engineering projects and the real estate construction industry. At present, according to the direction of the Guangdong Provincial People’s Government and the policy of “focusing on mining industry and appropriate development in other fields,” GRAM is making great efforts to build an “aircraft carrier for state-owned corporations” with assets over 100 billion yuan and high international competence.

According to the preliminary agreement, the Dehong government and GRAM will found a joint venture in Dehong. They will jointly search for natural gas and run the industry park. Delegates from the Dehong government will go to Guangdong to sign the strategic cooperation framework agreement on joint investment, exploration and management of the natural gas program with GRAM.