Vietnam produced 505.60 million m 3 of natural gas in December, down 11.36 percent from 570.38 million m 3 in November, according to the latest data from the National Statistics Office.
Year to date output reached 5,993.67 million m 3 by the end of December.
Listed gas companies
Key Natural gas firms listed on the Vietnam stock exchange include:
Ba Ria Thermal Power JSC
Ba Ria Thermal Power JSC (BTP) operates natural gas-fired power plants and supplies electricity to Vietnam’s southern grid.
BTP closed at VND 8,610 on Wednesday down 0.09 percent with 2,721,000 shares traded, worth VND 2,340 million.
Foreign ownership in BTP is currently capped at 49.0 percent, with current foreign ownership sitting at 4.7 percent.
CNG Vietnam JSC
CNG Vietnam JSC (CNG) produces, transports, and distributes compressed natural gas to industrial clients across southern Vietnam.
CNG closed at VND 26,450 on Wednesday down 0.6 percent with 665,000 shares traded, worth VND 1,783 million.
Foreign ownership in CNG is currently capped at 49.0 percent, with current foreign ownership sitting at 1.8 percent.
PetroVietnam Gas JSC
PetroVietnam Gas JSC (GAS) produces, transports, and distributes natural gas and LPG nationwide.
GAS closed at VND 107,000 on Wednesday up 3.3 percent with 49,108,000 shares traded, worth VND 528,276 million.
Foreign ownership in GAS is currently capped at 49.0 percent, with current foreign ownership sitting at 2.2 percent.
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Vietnam gas industry news
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 Natural gas industry
Vietnam’s gas industry is a key part of the country’s energy mix, supplying fuel for power generation, fertiliser production, and industrial use.
Domestic gas production is concentrated offshore, with fields mainly located in the southern continental shelf and developed over several decades.
The sector is led by Petrovietnam, which oversees upstream exploration, gas processing, and pipeline infrastructure through its subsidiaries.
In recent years, Vietnam has begun developing liquefied natural gas import infrastructure to supplement declining domestic supply and support long-term power demand growth.