Tokyo Gas buys stake in PetroVietnam subsidiary

Japan’s Tokyo Gas has purchased a 24.9% stake in PetroVietnam Low Pressure Gas Distribution.
By Staff reporter 3 August 2017 0 27055

Japan’s Tokyo Gas has purchased a 24.9% stake in PetroVietnam Low Pressure Gas Distribution in its latest acquisition in the Southeast Asian market, according to Deal Street Asia.

The companies will enter a strategic alliance that will see Tokyo Gas share its experience and energy-saving technologies with the PetroVietnam subsidiary.

The two companies have been cooperating since 2012 via a comprehensive memorandum of understanding in the LNG value chain in Vietnam.

Talk to us
Natural Gas Daily welcomes your comments. Email us at comments@interfax.co.uk.