THE Florida-based Largo Vista Group, an international energy trading and service company with headquarters in the US and offices in China and Vietnam, has reached an agreement to end its lease of an LPG (liquid petroleum gas) depot in Zunyi, China.
“The termination of the agreement significantly lowers Largo Vista’s overhead and allows the company to continue its LPG retail and wholesale operations in Zunyi, including its LPG pipeline construction business,” said Denise Deng, Largo Vista’s General Manager in Zunyi. “We are attempting to form a consortium of smaller LPG distributors, creating an opportunity for them to purchase part of another LPG depot with the assistance of our lending institution,” Denise said. “These retail outlets will become co-owners of the depot and will be able to take advantage of wholesale pricing of the LPG. Largo Vista will remain the majority owner of its depot. The advantage to Largo Vista is that the smaller companies are locked into the business from the start, which will support the operations of the depot.”<.P
Largo Vista has completed the only LPG pipeline project in Zunyi, one of the major cities in Guizhou Province, population 40 million, and is developing a second pipeline project there. It has announced the potential to build more pipelines in that city. LPG is an affordable, environmentally sound alternative to the traditional use of coal or wood to cook or heat the home.