Isla Petroleum & Gas Corporation (IP&G) is a joint venture company formed by Isla Petroleum and Energy Company Ltd. and the Itochu Corporation of Japan. IP&G was incorporated on July 14, 2011 under the laws of the Republic of Philippines and registered on August 15, 2011 with the Philippine Securities and Exchange Commission with its principal office at the 4th Floor of SGV II Building, 6758 Ayala Avenue, Legaspi Village 1226 Makati City, Metro Manila, Philippines. The corporation was formed to acquire the entire Liquefied Petroleum Gas (LPG) business of Pilipinas Shell Petroleum Corporation (PSPC), its supply, trading, marketing and distribution of LPG in the Philippines and overseas.