Saudi Arabia's National Gas and Industrialisation Holding Company (Gasco), a leading company in LPG solutions industry, said it has secured the go-ahead from the General Authority for Competition (GAC) to proceed with its planned acquisition of a 50% stake in Jacko Gases, a key provider of gas requirement service in the kingdom.
A convoy of eight tankers - comprising one very large crude oil carrier (VLCC) and chemical tankers - was crossing the Strait of Hormuz on Saturday, data showed, as some ship owners said they hoped Tehran would allow them to leave the Gulf during a short ceasefire window in the Iran war.
Asia's biggest liquefied petroleum gas (LPG) importers, including India and China, are racing to replace disrupted Middle East supplies with cargoes from the Americas, driving spot premiums to record highs, analysts and traders said.
Aramco and Algeria's Sonatrach have raised official selling prices for liquefied petroleum gas in April by between 38 per cent and 80 per cent due to limited global supply, traders said.
GOIL, Ghana’s oil and gas marketing company, is planning to commission an additional 12,000 metric tonnes of liquefied petroleum gas (LPG) storage capacity in the next year, anchored by a $50 million investment.
Emirates Petroleum Company (Emarat) and Sharjah National Oil Corporation (SNOC) have signed a Memorandum of Understanding (MoU) to establish a structured framework for cooperation and to identify and develop new business opportunities within the Liquefied Petroleum Gas (LPG) industry sector.
