PetroChina Co Ltd , the world's second-biggest oil and gas producer by market value, is not considering a bid for natural gas distributor China Gas Holdings Ltd , a company official said on Friday, denying an earlier media report. "PetroChina has no plan to acquire a listed gas company in the foreseeable future," PetroChina spokesman Mao Zefeng said by telephone after dealReporter, a unit of the Financial Times, said the oil major was working with Bank of America Merrill Lynch on the acquisition, citing unidentified sources. Hong Kong-listed shares of China Gas had jumped more than 8 percent on Friday after the earlier report.
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