Receiving Excelerate Energy President and CEO Steven Kobos in Hanoi on May 26, Prime Minister Pham Minh Chinh lauded the signing of a memorandum of understanding (MoU) between the US firm and PV Gas, a unit of state-run Petrovietnam, urging the two sides to work closely together to ensure practical and effective cooperation.
Prime Minister Pham Minh Chinh agreed with Excelerate Energy's proposal to position Vietnam as a regional LNG distribution hub, while encouraging the firm to further explore opportunities to expand and deepen cooperation with Vietnamese partners in providing technological solutions and long-term LNG supply.
The corporation recently signed a contract with Petrovietnam Power Corporation (PV Power) to provide LNG power for the commercial operations of Nhon Trach 3 and 4 thermal power plants, which PV Power manages, for 25 years.
With domestic gas resources declining faster than expected, PV GAS has prioritized green transition for long-term growth, focusing on liquefied natural gas (LNG) as a key product to keep abreast with global energy transition trends.
Foreign investors, particularly those from the US, have expressed their interest in investment opportunities in Vietnam’s liquefied natural gas (LNG) infrastructure market to meet the country's energy needs.
During a working visit to the US, leaders from the Vietnam Oil and Gas Group (Petrovietnam) and the Petrovietnam Gas Joint Stock Corporation (PV GAS) held a meeting with executives of Texas-based Cheniere Energy Inc – one of the world’s largest suppliers of liquefied natural gas (LNG).
The Petrovietnam Gas Corporation (PV GAS) is focusing all its efforts on transporting LNG by rail from the South to the North to meet the fuel needs of industrial and residential consumers, especially amidst shortages caused by super typhoon Yagi, that hit Vietnam on September 7, and its subsequent floods.
The Petrovietnam Gas Joint Stock Corporation (PV GAS) has completed the EPC (Engineering, Procurement, and Construction) work on three LPG storage tanks and put them into operation at PV GAS Vung Tau Terminal in the southern province of Ba Ria-Vung Tau.
Petrovietnam Gas (PV Gas), Petrovietnam Exploration Production Corporation (PVEP) and their Russian partner - the state-owned Zarubezhneft have agreed to continue their partnership to jointly exploit the Thien Nga-Hai Au gas field off Vietnam’s southeastern region.
Early this week, oil specialists and economists convened at a seminar to deliberate on the importance of maintaining fuel security for electricity generation in Vietnam, given the diminishing yields from national gas fields.
The 1 million-tonne Thi Vai liquefied natural gas (LNG) receiving terminal project, the biggest of its kind in Vietnam, was officially put into operation in the southern province of Ba Ria - Vung Tau on October 29.
Petrovietnam Gas Joint Stock Corporation (PV GAS) has risen to become a leading gas enterprise in Vietnam 33 years after its formation and development.
The Thi Vai liquefied natural gas (LNG) warehouse and terminal complex, the first of its kind in Vietnam, of the Petrovietnam Gas Joint Stock Corporation (PV GAS), has passed a series of technical tests and is now ready to be put into commercial operation.
PetroVietnam Gas Corporation JSC (PV Gas) earned approximately 6 trillion VND (252.1 million USD) in after-tax profit, up 83% from the set target but down 27.7% from the same period last year.
The first liquefied natural gas (LNG) terminal in Vietnam, located at Cai Mep Industrial Park in Tan Phuoc ward, Phu My township, southern Ba Ria-Vung Tau province, is now ready for the first batch of LNG.
The People's Committee of Binh Thuan province has issued a decision approving the investment of Son My liquefied natutal gas (LNG) terminal warehouse project in the south-central province’s Ham Tan district.
Greek-flagged Maran Gas Achilles transported nearly 70,000 tonnes of liquefied natural gas (LNG) to the Thi Vai LNG terminal in Cai Mep Industrial Park in Tan Phuoc ward, Phu My town, southern Ba Ria – Vung Tau province, on July 10.
Petrovietnam Gas Joint Stock Corporation (PV GAS) is expected to receive the first imported liquefied natural gas (LNG) shipment from supplier Shell on July 10.
Petrovietnam Gas JSC (PV GAS) has confirmed a purchase with Shell PLC, facilitating the world's leading LNG supplier to transport its first LNG shipment to Vietnam.
Fitch Ratings has rated Petrovietnam Gas Joint Stock Corporation (PV GAS) as a Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'BB' with a positive outlook.
