Vitol, Hascol, form LNG joint venture in Pakistan

Vitol, Hascol, form LNG joint venture in Pakistan
Illustration purposes only (Image courtesy of Vitol)

Pakistan’s distributor of petroleum products, Hascol Petroleum has set up a separate company to explore the business opportunities in the LNG sector. 

According to a company’s filing to the Pakistan stock exchange, the newly formed company will be named VAS LNG to undertake activities relating to LNG business.

Hascol Petroleum will hold a 30 percent shareholding in VAS LNG with Vitol, an energy, and commodities trader, holding a 70 percent.

In April last year, Vitol Dubai, part of the Vitol Group has completed the acquisition of 15 percent shares in Hascol for $28 million, with the option to buy additional 10 percent shareholding during this year.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

3rd CWC Japan LNG & Gas Summit

As the only commercially focused forum for the Japanese LNG industry

read more >

Cryogenic Storage Tanks

The program committee looks forward to having the opportunity for intensive, objective and professional…

read more >