Participation in Sales Business of Natural Gas for Industrial Use in Vietnam

Source: www.gulfoilandgas.com 11/18/2022, Location: Asia

Toho Gas Co., Ltd. (“Toho Gas”, President: Nobuyuki Masuda) will participate in natural gas sales business for industrial use in Vietnam, by investing in Phuc Sang Minh Trade Engineering Services Joint Stock Company (“PSE”). This is our first entry of business in Vietnam.

It is expected that the demand of natural gas in Vietnam increases due to the growth of energy demand over a long period of time, which is backed by the stable economic growth of the country, and the users’ momentum to change their fuel from petroleum or coal to natural gas to reduce CO2 emissions. We will promote the cultivation of natural gas demand in Vietnam through PSE by leveraging our know-how and expertise accumulated through the past experience in promoting natural gas use.

Toho Gas will contribute to the realization of low/zero-carbon emission society through expanding domestic and overseas energy related business.


United States >>  2/23/2024 - Vitol Inc. (“Vitol”) announced the execution of a natural gas sale and purchase agreement (“SPA”) with EOG Resources, Inc. (“EOG”) (NYSE: EOG). Under ...
Russia >>  2/20/2024 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Dmitry Mezentsev, State Secretary of the Union State of Rus...

Australia >>  2/14/2024 - • New Zealand Oil & Gas signs a conditional Gas Supply Agreement with Arafura Rare Earths for up to 4.8 Petajoules (PJ) of gas to be supplied for a p...
China >>  2/14/2024 - Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as industrial coal-to-gas switching gathers pace in China...

Australia >>  2/13/2024 - - Cue signs a Gas Supply Agreement with Arafura for up to 2.06 PJ (net to Cue) of gas to be supplied for a period of up to 5 years from 2026
- F...

Australia >>  2/12/2024 - Highlights
• Central Petroleum Limited (“Central”) has signed a gas supply agreement (“GSA”) with Arafura Rare Earths Limited subsidiary Arafura...





Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.