Vietnam’s state energy companies gear up for LNG imports
HANOI/TOKYO — Vietnam’s Petrolimex has unveiled plans to open its first liquefied natural gas import terminal, following in the footsteps of fellow state-run energy group PetroVietnam, as the pair work to diversify energy supplies to fend off a chronic power shortage in the Southeast Asian country.
Vietnam’s Ca Tam Oil Field Starts Production
Vietsovpetro, a Vietnam-Russia oil joint venture, has started crude oil production at the Ca Tam field offshore southern Vietnam, Vietnamese state oil firm PetroVietnam said on Jan. 28. Initial production from Ca Tam, jointly developed by Vietsovpetro, PetroVietnam Exploration Production Corp. (PVEP) and Bitexco Group, is 1,630 tonnes per day, PetroVietnam said in a statement. […]
Vietnam’s demand for imported gas to skyrocket to 40 bcm by 2035: PV Gas
The Hanoitimes – Energy demand will rise strongly in Vietnam as the country needs power to run its fast-growing economy. Vietnam is estimated to need up to 40.1 billion cubic meters (bcm) of imported natural gas by 2035, 40 times the current demand, according to estimates by PetroVietnam Gas Joint Stock Corporation (PV Gas), the […]
Vietnamese LNG works on politics and price
Vietnam will select future LNG suppliers for a projected spike in gas import demand based on geopolitics as well as economics, according to asset management firm Energy Capital Vietnam (ECV), which is dealing closely with the Hanoi government. The country’s demand is expected to rise to 31bn m³ by 2035, from 10bn m³ in 2019. […]
Vietnamese, US firms get investment registration certificate for LNG terminal project
PetroVietnam Gas JSC (PV Gas) and the AES Corporation of the US have been granted an investment certificate and a business registration certificate for the Son My liquefied natural gas (LNG) terminal project.
Virus puts Cambodia oil production into question
The coronavirus pandemic is expected to slow the development of the Apsara oilfield located at Cambodia’s offshore Block A of the Khmer Basin in the Gulf of Thailand, which is being developed by Singapore-based KrisEnergy Ltd. Ministry of Mines and Energy’s General Department of Petroleum director-general Cheap Sour told The Post on Monday that the […]
Vitol Inks Deal with Petronas for LNG Canada Supply
International Swiss trading firm Vitol Group, one of the largest energy traders in the world, has stepped forward as a customer for liquefied natural gas (LNG) from the 25% share in the LNG Canada project owned by Malaysia’s state-owned Petronas. The new export terminal, under construction on the northern Pacific coast of British Columbia, would […]
Vitol Says Achieved Milestone LNG Orders from Finland, Philippines
Vitol Group said Monday it had delivered the first liquefied natural gas (LNG) cargo to Finland’s first LNG terminal and that another LNG shipment has embarked for the Philippines in what is also a first for the Southeast Asian country.
VN oil firm posts strong growth
The Vietnam Oil and Gas Group (PVN) gained a total revenue of 365.5 trillion dong ($15.8 billion) in the first half of this year, 18 per cent above its six-month plan. The corporation’s equity reached 470.3 trillion dong on June 30, up one per cent from January 1. PVN contributed 53.5 trillion dong to the […]
VPower Group’s JV starts powering Myanmar with LNG
VPower Group International Holdings Ltd has successfully expanded its footprint into the LNG-to-power industry through a partnership with China National Technical Import and Export Corp (CNTIC). On 14 June 2020, the power station in Thaketa Township of Yangon, Myanmar, built by the 50-50 joint venture of VPower Group and CNTIC (CNTIC VPower), started generating electricity […]