Japanese LPG firm Gyxis to open office in Singapore
SINGAPORE/TOKYO, (Reuters) - Japanese liquefied petroleum gas (LPG) importer Gyxis Corp is planning to set up an office in Singapore soon, a company spokesman told Reuters.
He declined to elaborate but added that a public announcement on this will be made at a later date.
The company will likely open the Singapore office in September or October and may purchase LPG to import into Japan, two sources familiar with the matter said.
LPG, a product from crude oil refining and natural gas production, is a mixture of propane and butane that is used for cooking and as a transport fuel. It is also an important feedstock for the petrochemical industry.
Asia is the world’s biggest LPG importing region, with China, India, Japan and South Korea together taking in one-third of globally shipped LPG, according to trade data.
It imports about 2.8 million tonnes of LPG every year to its seven primary import terminals in Japan, the website states. (Reporting by Jessica Jaganathan in
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