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ENN Energy Holdings and Petrovietnam Gas City Investment & Development., JSC (PVGAS CITY) signed the Strategic Investment and Cooperation Agreement in May 2010. ENN Energy Holdings holds 43.89% of shares and hence became the largest shareholder in the Petrovietnam Gas City Investment & Development which was successfully listed in Hanoi Stock Exchange (HNX) in December 29, 2010, with the stock code PCG. Started from city gas and vehicle fueling stations, the company carried out natural gas distribution business in major cities including the capital Hanoi, Ho Chi Minh City and Da Nang City.