The process to privatize the LPG assets of SGC was initiated in Feb-2000. The GoP received 17 EOI's from domestic and international parties. 10 parties pre-qualified for the sell off, those declared pre-qualified were, Caltex Oils, Gas Power, Lilleys Skyways Joint Venture, Pakistan Oilfields Limited, Pakistan Papersack, Petrosin Products, Shell Gas LPG Pakistan, SHV Energy, Total and Winston fuels. 

Bidding for the assets took place Aug. 24 -2000. Caltex Oils was the highest bidder with a bid of Rs. 369 million.
Sale agreement between PC, SSGC and Caltex was signed on Oct 26-2000.