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PV Gas seeking strategic foreign partner for 30% divestment by 2020

Shell, Total, Tokyo Gas among contenders, over $3bn in project investments planned

PV Gas's distribution center in the northern province of Thai Binh.

HO CHI MINH CITY -- PetroVietnam Gas (PV Gas), a leading state-owned Vietnamese energy company, is seeking government approval for a divestment plan to sell 30% of its stock to a strategic partner by 2020. 

Le Nhu Linh, the company's chairman, told reporters on Tuesday that approval is expected for investment from an existing PV Gas partner.  

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