The Vietnam Gas Corporation, PV Gas, signed with contractors a dealworth 441.57 million USD for engineering, procurement and constructionof a gas processing plant in Ho Chi Minh City on July 16.
The plant will be built close to another gas processing plant in theoil-rich southern coastal province of Ba Ria-Vung Tau to feed twomajor residential quarters in HCM City and an industrial zone inneighbouring Dong Nai province.
Vu Van Thuan,General Director of the Vietnam Oil and Gas Construction and AssemblyJoint-stock Corporation (PVX) - a project co-contractor, said theproject, including gas tanks and pipelines, is an important part in theNam Con Con gas pipeline project No. 2.
The plant,with a design capacity of 20 million cu. m. per day and night, willreceive natural gas from the Nam Con Son basin within Vietnam ’ssouthern continental shelf through an off-shore pipeline to producecondensate, liquefied petroleum gas (LPG) and ethanol. Condensate willbe transported to the Phu My distribution station in HCM Citythrough an onshore pipeline.
Along with theplant, contractors, including the Oil and Gas Metal Structuring andAssembly Joint-stock Company, will also build pipeline systems to carryLPG, condensate and ethanol.
The project isexpected to help pump between 1.5 billion cu. m. of natural gas annuallyfrom the Nam Con Son basin by 2013. The figures are likely to reach 2.8billion cu. m. by 2014 and 3.09 billion cu. m. by 2017 till 2024.
Experts put the Nam Con Son reserves at some 590 million cu. m. of oil equivalent./.
The plant will be built close to another gas processing plant in theoil-rich southern coastal province of Ba Ria-Vung Tau to feed twomajor residential quarters in HCM City and an industrial zone inneighbouring Dong Nai province.
Vu Van Thuan,General Director of the Vietnam Oil and Gas Construction and AssemblyJoint-stock Corporation (PVX) - a project co-contractor, said theproject, including gas tanks and pipelines, is an important part in theNam Con Con gas pipeline project No. 2.
The plant,with a design capacity of 20 million cu. m. per day and night, willreceive natural gas from the Nam Con Son basin within Vietnam ’ssouthern continental shelf through an off-shore pipeline to producecondensate, liquefied petroleum gas (LPG) and ethanol. Condensate willbe transported to the Phu My distribution station in HCM Citythrough an onshore pipeline.
Along with theplant, contractors, including the Oil and Gas Metal Structuring andAssembly Joint-stock Company, will also build pipeline systems to carryLPG, condensate and ethanol.
The project isexpected to help pump between 1.5 billion cu. m. of natural gas annuallyfrom the Nam Con Son basin by 2013. The figures are likely to reach 2.8billion cu. m. by 2014 and 3.09 billion cu. m. by 2017 till 2024.
Experts put the Nam Con Son reserves at some 590 million cu. m. of oil equivalent./.
