International Business
Vietnam May Market Gas From Oil Wells: The government has appointed a consortium of foreign companies to study the feasibility of a $400-million project to launch a potentially sizable offshore gas industry, officials said. British Gas, Japan’s Mitsui & Co. and TransCanada PipeLines have won exclusive rights, in partnership with the state oil firm PetroVietnam, to conduct the study on opening the gas market. If accepted, they would form a joint venture to begin the first major project using gas--currently being burned off--from oil wells at the Bach Ho (White Tiger) field in the South China Sea, Vietnam’s only field pumping crude.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
