Saisan established “Gas One Lao” to do LPG business in Vientiane, capital city of Laos, and held an inauguration ceremony locally on June 27.

Saisan has already developed business bases in Vietnam, Indonesia and Cambodia of the Southeast Asian area. From 2017 Saisan was planning to advance into Thailand and Laos, and accomplished entry into Thailand in 2018.

When it comes to Laos, in January 2019 Saisan concluded a JV agreement with the AMZ Group which had experienced such agreements with Japanese companies, and has led to the commencement of business at this time. Gas One Lao is the ninth overseas subsidiary Saisan has built in eight countries and the fifth in the ASEAN countries.

Laos is active in the hydropower generation using its abundant water flow of Mekong River and others, and is now a major exporter of electricity to the neighboring countries.

Although most energy sources depends on electricity domestically, there is some worry of unstable supply system like frequent stoppage. The company focuses on the demand for LP gas which makes up for the shortage of energy.

According to Saisan, the consumption of LP gas in Laos stayed at about 20,000 t as of 2017, but Saisan anticipates that the demand will expand from now on, and is now engaged in the promotion to diffuse LP gas being involved in the formulation of LP gas safety standards in cooperation with the Laotian Science and Technology Reference Bureau.

Gas One Lao is invested 60% by Saisan and 40% by AMZ, and is headquartered tentatively in AMZ’s office located at Sisattanak Area of the capital city Vientiane.

From July Saisan started to sell LP gas by cylinder for business use and household consumption in Vientiane, and is planning to build a LP gas filling station from 2020 on the site adjacent to the first Laotian refinery to be constructed inside the Saysettha Industrial Park Zone, in order to sell LP gas to various plants.