Tokyo Gas Asia, a wholly owned subsidiary of Tokyo Gas, has completed the acquisition of a 24.9% stake in PetroVietnam Low-Pressure Gas Distribution JSC (PV Gas D).

PV Gas D distributes low-pressure gas through pipes to industrial zones in Vietnam. The company is engaged in key segments such as pipeline networks, compressed natural gas, and wholesaling.

PV Gas D will be owned by PetroVietnam Gas Joint Stock Corporation (50.5%), Tokyo Gas Asia (24.9%) and others (24.6%), upon completion of the transaction.

The acquisition allows Tokyo Gas Asia to expand its operations in Vietnam.

International-Matex Tank Terminals (IMTT), a subsidiary of Macquarie Infrastructure Corporation (MIC), has agreed to acquire Epic Midstream from affiliates of White Deer Energy and Blue Water Energy for $171.5m.

The purchase consideration will be funded by the company through a combination of equity and cash, including drawings on its revolving credit facility.

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"Perenco has completed the acquisition of a 50% stake in Societe De Recherches Et D'Exploitation Des Petroles En Tunisie (SEREPT) from OMV Aktiengesellschaft."

Epic Midstream operates seven terminals in the south-east and south-west regions of the US. The combined storage capacity of the terminals is approximately 3.1mmbbls of refined petroleum, asphalt, biofuels and chemical.

Scheduled for completion in the third quarter of this year, the acquisition will allow IMTT to expand its products portfolio, while fortifying its operational footprint in Port of Savannah, Georgia.

Perenco has completed the acquisition of a 50% stake in Societe De Recherches Et D'Exploitation Des Petroles En Tunisie (SEREPT) from OMV Aktiengesellschaft.

SEREPT owns the Ashtart oil field located in the Gulf of Gabes, Tunisia. The field produced approximately 3,000boed in 2016, net to OMV.

Following the transaction, SEREPT is owned by ETAP (50%) and Perenco (50%).

The divestiture forms part of OMV’s strategy to optimise its asset portfolio.