Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Vietnam  >>Energy  >> PV Gas dominates Cambodian market
NEW UPDATES Asean Affairs   20 February  2015  




PV Gas dominates Cambodian market

PetroVietnam Gas Corporation (PV Gas) is the largest exporter in the Cambodian gas market, claiming more than half of the market share.
 
Statistics from PV Gas showed that Cambodia mostly depends on imported liquefied petroleum gas (LPG), including the imports from Viet Nam.

In the 2010-13 period, Cambodia imported 6,000 to 8,000 metric tonnes of LPG per month. The amount rose to 10,000 to 12,000 metric tonnes per month in the first months of this year.

PV Gas said that limited LPG supply and increasing demand have made Cambodia a potential market for Vietnamese LPG exporters.

Viet Nam started exporting a modest 400 tonnes of LPG per month to Cambodia in 2010. After five years of exporting to the market, the company now ships 4,000 to 5,000 metric tonnes of LPG per month.

Last year, PV Gas exceeded most of its targets and posted the highest results in 2014 after its equitisation.

It posted a turnover of VND40.5 trillion ($1.89 billion), representing a 25 per cent year-on-year rise and 25 per cent higher than the set target.

PV Gas supplied 1.04 million metric tonnes [P1] of LPG to the market in 2014, of which 300,700 metric tonnes were from Dinh Co; 75,100 metric tonnes from Dung Quat; and 688,500 metric tonnes from imports.

However, the effectiveness of LPG trading has been affected due to falling prices in the world market, while the crude oil price reached its lowest level in the past four years.

Three out of six subsidiaries reported an after-tax profit of 35 per cent on charter capital ratio.

This year, PV Gas has targeted a turnover of VND69.5 trillion ($3.24 billion) and after-tax profit of VND11.5 trillion ($537 million).

Le Nhu Linh, the corporation's chairman of the management board, said the targets were set by the Viet Nam Oil and Gas Group (PVN), which holds 97 per cent of its shares.

However, the targets will be adjusted as the world crude oil prices are lower than $100 a barrel.

Linh said that PVN plans to reduce its capital at PV Gas. The corporation has met some large foreign groups in its search for strategic shareholders.

Some partners have met its criteria of having experience in gas technology management and gas resources in foreign countries.

Vietnam News, Energy, Gas, PV Gas, PetroVietnam Gas Corporation

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories                           February  20, , 2015 Subsribe Now !
• PM: No pressure on Yingluck to leave country Subcribe: Asean Affairs Global Magazine
• Telkom to roll out 18 broadband ports
• Will China-Malaysia Relations Remain a Model for Asia?
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Unofficial lenders flock to the NBC seeking to be registered
 
• PV Gas dominates Cambodian market
Asean Analysis                    February 20, 2015
• Asean Analysis February 20, 2015
The Time is Right for President Obama to Visit Vietnam in 2015 K
Advertise Your Brand

Asean Stock Watch   February 18,  2015
• Asean Stock Watch-February 18 , 2015
The Biweekly Update
• The Biweekly Update February 20, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com