Total Oil Asia-Pacific Acquires Saigon Gas

INSTITUTIONAL INVESTMENT | Total Oil Asia-Pacific Acquires Saigon Gas

ELF GAS SAIGON, a Joint Venture of Total and Saigon Construction Corporation, announces its acquisition of Saigon Gas Holdings Corporation today. The acquisition will secure Total’s position as one of the leading LPG suppliers in Vietnam, with an increase in gas market share to approximately 15%. It also adds an import terminal in Go Dau to its portfolio.
Saigon Gas is a Liquefied Petroleum Gas (LPG) company with fully integrated
operations in Vietnam. As part of the deal, Total will add an additional 20
distributors to its network; will gain importation facilities; and, will be able to
optimize supply chain through various operational synergies, enhancing services
to its customers.

Thierry Pflimlin, Senior Vice-President of Total Oil Asia-Pacific, said, “In Asia-
Pacific, Vietnam is one of our key countries for development and this opportunity
for growth fits well with our strategy in the region.”
Total has been in Vietnam since the end of the 1970s through exploration and
production activities in the South of Vietnam. Total’s Downstream activities in
Vietnam include businesses in retail, lubricants and Liquefied Petroleum Gas.
Total today employs around 400 people in all its Vietnamese subsidiaries