Xinao Gas, through subsidiary China BVI, and Changsha Gas have set up a joint venture, Changsha Xinao, to supply piped gas for 20 years to the Hunan’s Changsha city in China’s Hunan province. Changsha Xinao, now a subsidiary of Xinao Gas, will invest RMB266 million in the project (US$1=RMB8.27). Changsha Xinao has registered capital of…