Natural gas distribution businesses form strategic alliance
Thứ Ba, 01/08/2017, 16:42
Tokyo Gas Asia Pte Ltd, a wholly owned subsidiary of Tokyo Gas Co, Ltd, has acquired a 24.9% equity interest in PetroVietnam Low Pressure Gas Distribution JSC, a subsidiary of the PetroVietnam Gas JSC.
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Along with the equity interest acquisition, Tokyo Gas Asia and PVGas D have agreed upon a strategic alliance under which the Tokyo Gas Group will utilize its technologies and expertise in such areas as demand development to enhance the business value of PVGas D.
The Tokyo Gas Group announced it would continue to utilize its technologies and expertise in total energy businesses on behalf of customers operating in Southeast Asia and North America, helping them with energy solutions, while engaging in local infrastructure development.
The Tokyo Gas Group is also taking up the challenge of value chain development in each region, including through joint ventures with local energy companies.
