Vietnam produced 72.52 thousand tons of liquefied petroleum gas (LPG) in December, down 12.56 percent from 82.94 thousand tons in November, according to the latest data from the National Statistics Office.
Year to date output reached 830.71 thousand tons by the end of December.
Listed Liquefied petroleum gas (LPG) companies
Key Liquefied petroleum gas (LPG) firms listed on the Vietnam stock exchange include:
PetroVietnam Gas JSC
PetroVietnam Gas JSC (GAS) produces, transports, and distributes natural gas and LPG nationwide.
GAS closed at VND 103,000 on Thursday down 4 percent with 35,580,000 shares traded, worth VND 372,033 million.
Foreign ownership in GAS is currently capped at 49.0 percent, with current foreign ownership sitting at 2.2 percent.
Petro MiGas JSC
Petro MiGas JSC (PMG) distributes LPG, CNG, and related gas products for industrial and household use.
PMG closed at VND 12,000 on Thursday up 0.3 percent with 519,000 shares traded, worth VND 623 million.
Foreign ownership in PMG is currently capped at 0.0 percent, with current foreign ownership sitting at 0.0 percent.
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Vietnam gas industry news
Counterfeit gas ring dismantled
Police in Tay Ninh said they dismantled a large fake liquefied petroleum gas ring and detained 16 suspects following coordinated raids on January 14 and 15.
Authorities searched 12 locations across Tay Ninh and neighboring provinces, seizing more than 6,200 empty cylinders, 4,500 gas filled cylinders, tens of thousands of labels and seals, pumping equipment, vehicles and related documents.
Power projects acceleration
Ministry of Industry and Trade has requested investors to accelerate power generation and grid projects, bringing several facilities into operation 3–6 months earlier than approved plans under the adjusted Power Development Plan VIII.
The ministry said delays must be clearly reported with proposed solutions, while liquefied natural gas power projects must begin operation before January 1, 2031 to qualify for existing incentive mechanisms.
First LNG supply contract Shell
Petrovietnam Gas Joint Stock Corp has awarded its first ever liquefied natural gas term supply contract to Shell plc, covering deliveries from 2027 to 2031.
Under the five year deal, Shell will supply about 400,000 metric tons of liquefied natural gas per year to Vietnam, Petrovietnam Gas said on January 7.
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Vietnam’s Liquefied petroleum gas (LPG) industry
Vietnam’s liquefied petroleum gas industry plays an important role in household energy consumption, industry, transport, and commercial services, with demand driven by urbanisation and rising living standards.
The market relies heavily on imports, as domestic production covers only part of national consumption, making prices sensitive to global energy movements.
LPG distribution in Vietnam is highly fragmented, involving state-owned enterprises, private companies, and foreign-invested firms operating across import, storage, bottling, and retail.
The industry faces ongoing challenges related to safety management, counterfeit gas trading, and the transition toward cleaner and more efficient energy use.