Vietnam’s natural gas production rose to 501 million cubic metres in September 2025, up 18.25 percent from 424 million cubic metres in August, according to the National Statistics Office.
In the first nine months of 2025, output reached 4.41 billion cubic metres, 8.34 percent lower than the same period in 2024.
Compared with September 2024, production increased sharply by 126.92 percent, indicating a strong recovery in gas output after earlier declines.
Vietnam’s natural gas industry is a vital component of the country’s energy supply, supporting both electricity generation and industrial production.
The sector relies heavily on domestic offshore reserves located in the Cuu Long, Nam Con Son, and Malay–Tho Chu basins, where state-owned PetroVietnam plays a leading role in exploration and production.
In recent years, declining output from mature fields has prompted investment in liquefied natural gas (LNG) infrastructure to diversify supply and ensure energy security.
Vietnam is developing several LNG import terminals and power plants, with projects in Ba Ria–Vung Tau, Bac Lieu, and Quang Ninh forming part of its long-term energy transition strategy.
Recent developments
Recent developments in Vietnam’s gas sector include:
PM pushes for US$6 billion gas deal with US to stabilise trade
Vietnam’s Prime Minister ordered urgent negotiations to finalise a US$6 billion methanol gas import agreement with the United States, framing it as a cornerstone of efforts to balance trade and defuse tariff tensions, back in April.
This was inline with increasing imports of gas from the United States being floated a number of times as a means to reduce Vietnam’s trade surplus with the US.
Vietnam signs EPC contract for long-delayed O Mon IV gas power plant
Vietnam signed an engineering, procurement, and construction contract for the O Mon IV power plant in Can Tho with a consortium led by South Korea’s Doosan Enerbility and Vietnam’s PECC2, back in June.
The 1,155 MW project will use combined-cycle gas turbine technology and is scheduled to begin operations in December 2028 after nearly two decades of delay.
See also: Can LNG really save Vietnam-US trade?