International Business

Vietnam May Market Gas From Oil Wells: The government has appointed a consortium of foreign companies to study the feasibility of a $400-million project to launch a potentially sizable offshore gas industry, officials said. British Gas, Japan’s Mitsui & Co. and TransCanada PipeLines have won exclusive rights, in partnership with the state oil firm PetroVietnam, to conduct the study on opening the gas market. If accepted, they would form a joint venture to begin the first major project using gas--currently being burned off--from oil wells at the Bach Ho (White Tiger) field in the South China Sea, Vietnam’s only field pumping crude.