Panva Gas Holdings Limited and Jinan Gas have formed a 70/30 joint venture, Jinan Panva LPG Co, to tap the expanding retail liquefied petroleum gas (LPG) business in Changsha, Hunan Province. The JV, subject to state approval, will have a registered capital of RMB60 million. (US$1=RMB8.27). Panva Gas’s investment was made through its wholly-owned investment…