The cumulative figures for January through October 2024 reveal a 17.3 percent decrease over the same period last year, indicating persistent obstacles in the sector…

PetroVietnam Gas Corporation: Vietnam Stock Overview

the-shiv October 3, 2024

Amid declining domestic natural gas production, imported LNG is slated to play a crucial role as a long-term alternative energy source. Currently, GAS is the first and only enterprise in Vietnam authorized to officially distribute LNG. GAS is involved in several key LNG projects, including the Thi Vai and Son MY LNG port warehouse and the Block B – O Mon gas pipeline projects…

Vietnam’s Gas Power Industry: Overview 2024

the-shiv September 27, 2024

Vietnam’s gas power industry is poised for significant growth as the country seeks to diversify its energy mix and reduce its reliance on coal. With increasing energy demand driven by rapid economic development and industrialisation, natural gas is seen as a cleaner and more flexible alternative to traditional fossil fuels.

Vietnam sets price bracket for LNG power negotiations

the-shiv May 29, 2024

In Vietnam, for power projects, the MoIT typically sets a maximum and minimum price within which EVN then negotiates with individual power producers. It’s not clear what the purpose of these price brackets is and announcing the maximum price EVN can pay in advance seems counterintuitive to the negotiation process. Regardless this is the process through which most power project prices are determined…

Vietnam secures funding for two LNG plants but start date uncertain

the-shiv April 10, 2024

Yesterday there was an article in VN Express that said Vietnam would have LNG power by April 15. Today, however, The Investor is reporting that PetroVietnam Power has secured short-term funding for the two plants which are expected to go online November 15 this year and May 15 next year.

Japan led consortium approved to build LNG plant in northern Vietnam

the-shiv December 18, 2023

A consortium of Japan’s Tokyo Gas and Kyuden International, along with Vietnam’s Truong Thanh Group, has been approved to build a new LNG plant in northern Vietnam’s Thai Binh province, the Borneo Bulletin is reporting. The project is estimated to be worth just shy of US$2 billion.

Doubts raised over Vietnam’s ability to generated power from LNG next year

the-shiv November 17, 2023

Despite a brand new LNG terminal in southern Vietnam, it’s unlikely Vietnam will be able to use LNG imported until 2025, The Investor is reporting. Vietnam currently has no LNG fired power plants to speak of and the first LNG plant is not expected to come online until the end

LNG terminal in southern Vietnam ready to operate

the-shiv September 30, 2023

Vietnam’s first LNG terminal, located south of Ho Chi Minh City, is ready to operate, Vietnam Plus is reporting. About 20 million cubic meters of LNG has already passed through the terminal and it is expected that number will increase to 1.4 billion cubic meters a year. For context: Vietnam

VN’s natural gas dreams stall on contract delays

the-shiv August 29, 2023

Prolonged negotiations over guarantees on power purchases and prices between state power provider Electricity Vietnam (EVN) and private power project developers may delay Vietnam’s shift to LNG, according to the Vietnam Investment Review. Giang Duy Nguyen, Deputy Director General of PV Power, a private power developer with two projects in