Business

PV GAS receives first LPG batch from Saudi Aramco

The PetroVietnam Gas Trading Company (PV GAS Trading) received a batch of 46,000 tonnes of refrigerated liquefied petroleum gas (LPG) from Saudi Aramco in early June, making it the first direct customer of the Saudi Arabian public petroleum and natural gas company in Vietnam.
PV GAS receives first LPG batch from Saudi Aramco ảnh 1Illustrative photo (Source: VNA)
Hanoi (VNA) - The PetroVietnam Gas Trading Company (PVGAS Trading) received a batch of 46,000 tonnes of refrigerated liquefiedpetroleum gas (LPG) from Saudi Aramco in early June, making it the first directcustomer of the Saudi Arabian public petroleum and natural gas company inVietnam.

The batch worth some 560 billion VND (24.06 million USD) resultedfrom a decade of exchanging, seeking opportunities, and building trust forcooperation between the sides.

Most of the imported LPG will be used for domestic consumption,with a fraction of its earmarked for export.

Established for nearly 15 years, PV Gas Trading now suppliesclose to and more than 70 percent of the Vietnamese and Cambodian markets’demand for LPG, respectively.

In 2020, its international sales of LPG exceeded 300,000tonnes.

Based in Dhahran, Saudi Aramco owns the second largest crudeoil reserve in the world and is also the largest LPG producer and supplier inthe Middle East with about 27 million tonnes of output. Its export volume is estimatedat 8 million tonnes, mostly to the Asian market./.
VNA
#PetroVietnam Gas Trading Company#PV GAS Trading#LPG#Saudi Aramco#vietnam#vietnam news agency#vietnamplus
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