Successful auction sale of Dinh Co LPG off in the period October 01, 2012 - March 31, 2013

According to practice, every 6 month, PetroVietnam Gas Joint Stock Corporation (PV Gas) organizes public auction of liquefied petroleum gas - LPG (also known by the popular name as gas) produced by Dinh Co Gas Processing Plant to the market. On August 13, 2012, 103,800 tons of LPG produced at Dinh Co Gas Processing Plant for the period from October 2012 – March 2013 have been subscribed for purchase by 16 potential customers in the auction, and 12 of them have won the bid to purchase all the above mentioned quantity. According to the auction result approved by competent authority, additional fee (premium) for the successful auction this time is higher than that of the previous auction (04/2012 - 09/2012), at 10 USD/ton for tank truck delivery service and 11 USD/ton for ship delivery service.

It is forecasted that the price increasing trend of LPG will continue in the last few months of 2012 and in the first 3 months of 2013 as this is the highest demanding time of LPG in most countries over the world, including Vietnam. The higher premium rates of this time has also been foreseen and reflected the actual perspective of most enterprises in terms of future energy market trend, in general, and LPG, in particular. In addition, as always being regarded as a stable source of domestic gas with high quality, competitive price and less risks in comparison to imported gas, the auctions of Dinh Co LPG off always attracted the participation of and purchase by large and small LPG enterprises in the Southern market.
                                 

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