Vietnam’s big bet on LNG may not ease its power crisis
HANOI, July 17 (Reuters) – Vietnam received its first shipment of liquefied natural gas this month, a milestone for the energy-hungry country, but various hurdles mean it could take years for imported gas to ease the country’s long-running power shortages.
Vietnam’s Ca Tam oil field to start production Jan 15 – sources
HANOI, Nov 13 (Reuters) – Vietsovpetro, a Vietnam-Russia oil joint venture, will start crude oil production at the Ca Tam field offshore southern Vietnam from Jan. 15, three sources with knowledge of the matter said on Tuesday. Ca Tam is the first new field to be brought into production in Vietnam in years after a […]
Vietnam’s coal, crude oil imports surge on rising energy demand
HANOI (Reuters) – Vietnam’s coal and crude oil imports surged in the first ten months of this year, government data released on Tuesday showed, highlighting the Southeast Asian country’s increasing reliance on imported energy to support its fast-growing economy. Vietnam has one of the fastest-growing economies in Asia, backed by robust exports and foreign investment. […]
Vietnam’s Dung Quat oil refinery cuts output on virus-hit demand
Vietnam’s Dung Quat oil refinery plans to cut output because of weaker domestic fuel demand caused by the coronavirus oubreak, the facility’s operator said on Friday.
Vietnam’s energy sector to increase use of coal, gas for electricity
HANOI, March 10 (Xinhua) — Vietnam will ramp up the use of coal and gas sources and mobilize renewable sources to ensure sufficient supply of electricity for the Southeast Asian country as the demand is projected to increase in 2023, local media reported on Thursday.
Vietnam’s gas station leader hedges bets with EV chargers
HANOI — Vietnam’s state-controlled Petrolimex, the top distributor of gasoline to the country’s more than 40 million motorbikes, aims to diversify operations ahead of a projected long-term slowdown in demand for the fuel. Formally called Vietnam National Petroleum Group, the company operates about 5,000 gas stations nationwide and has added locations at a pace of 70 […]
Vietnam’s petrol, LPG import down in Q1
HANOI, April 1 (Xinhua) — Vietnam imported 2 million tons of various kinds of oil and petroleum products totaling nearly 1.2 billion U.S. dollars in the first quarter of this year, posting respective year-on-year drops of 42.6 percent and 47.6 percent, its Ministry of Industry and Trade said on Monday. Meanwhile, the country imported 349,000 […]
Vietnam’s power development plan to boost LNG sector
The outlook for Vietnam’s emerging liquefied natural gas (LNG) sector remains promising as the country’s need for the product is large to serve its power development plan, according to Fitch Solutions
Vietnam’s PV Drilling leases oil rig to Brunei Shell
HANOI: PetroVietnam Drilling & Well Services Corp, or PV Drilling, said on Monday it had won a contract to lease an oil rig to Brunei Shell Petroleum Company Sdn Bhd (BSP) for drilling in Brunei. Under the contract, PV Drilling will lease the semi-submersible self-erecting tender assist drilling rig, PV Drilling V, to BSP for six years from April 2021, […]
Vietnam’s PV Power picks banks to facilitate $1.4 bln LNG project loans
HANOI: Vietnam‘s state-run PetroVietnam Power Corp has signed a deal to allow a consortium of two local banks to arrange a $1.4 billion syndicated loans for two liquefied natural gas (LNG) projects, the government said on Wednesday.