Vietnam LPG imports up 37% in February 2026 / Qatar -18.65%, Malaysia- 6.21%

Vietnam imported liquefied petroleum gases (LPG) to the tune of US$175 million in February, up from US$128 million in January, a change of 37 percent, according to preliminary data from Vietnam’s General Department of Customs.

Year to date, Vietnam imported US$305 million worth of liquefied petroleum gases (LPG) by the end of February.

Qatar accounted for US$17 million of LPG imports in February, down from US$21 million in January, a decline of 18.65 percent. Year to date, Qatar has shipped US$38 million worth of LPG to Vietnam.

Malaysia followed with US$14 million in February, down from US$15 million in January, a decline of 6.21 percent. Year to date, Malaysia has exported US$29 million worth of LPG to Vietnam.

China contributed US$13 million in February, down from US$22 million in January, a decline of 37.44 percent. Year to date, China has shipped US$35 million worth of LPG to Vietnam.

South Korea recorded US$8 million in February, up from US$4 million in January, an increase of 76.48 percent. Year to date, South Korea has exported US$12 million worth of LPG to Vietnam.

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Listed gas companies

Key gas firms listed on the Vietnam stock exchange include:

CNG Vietnam JSC (CNG)

CNG Vietnam JSC (CNG) produces, transports, and distributes compressed natural gas to industrial clients across southern Vietnam. (CNG)

In February, CNG shares moved from 27.00 to 25.95, a change of -1.05 (-0.04 percent).

Foreign ownership moved from 165,618.75 to 166,017.56, a change of 398.81 (0.00 percent).

PetroVietnam Gas JSC (GAS)

PetroVietnam Gas JSC (GAS) produces, transports, and distributes natural gas and LPG nationwide. (GAS)

In February, GAS shares moved from 117.00 to 107.90, a change of -9.10 (-0.08 percent).

Foreign ownership moved from 11,235,291.33 to 11,264,599.38, a change of 29,308.05 (0.00 percent).

International Gas Product Shipping Joint Stock Company (GSP)

International Gas Product Shipping Joint Stock Company (GSP) is a Vietnam-based shipping firm specialising in the transportation of liquefied petroleum gas and other petroleum products. (GSP)

In February, GSP shares moved from 11.05 to 11.75, a change of 0.70 (0.06 percent).

Foreign ownership was unchanged.

Petrolimex Gas Corporation (PGC)

Petrolimex Gas Corporation is a Vietnamese energy company specialising in the distribution and trading of liquefied petroleum gas for households, commercial users and industry. (PGC)

In February, PGC shares moved from 14.60 to 16.75, a change of 2.15 (0.15 percent).

Foreign ownership moved from 283,852.24 to 283,820.24, a change of -32.00 (0.00 percent).

PetroVietnam Gas Distribution JSC (PGD)

PetroVietnam Gas Distribution JSC (PGD) supplies compressed and liquefied gas to industrial and commercial clients. (PGD)

In February, PGD shares moved from 24.20 to 24.35, a change of 0.15 (0.01 percent).

Foreign ownership moved from 25,369.79 to 25,613.79, a change of 244.00 (0.01 percent).

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Vietnam LPG news

Recent developments include:

LPG terminal Hai Phong approved

PV GAS has been approved to invest VND7,511 billion (US$285.05 million) in an LPG terminal at Hai Phong, with operations expected from the third quarter of 2028.

The project at Cai Trap Island will have a storage capacity of about 60,000 tonnes and include two jetties capable of receiving vessels up to 100,000 deadweight tonnage. Read more→

LPG production

Vietnam produced 75.15 thousand tons of liquefied petroleum gas (LPG) in February, up 21.82 percent from 61.69 thousand tons in January, according to the latest data from the National Statistics Office. Read more→

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Vietnam’s LPG industry

Vietnam’s gas industry plays a key role in meeting household and industrial energy demand, particularly for cooking, heating, and small-scale manufacturing.

Domestic production remains limited, with supply largely reliant on imports, making the sector sensitive to global energy prices and external supply shocks.

The industry is characterised by a mix of state-owned enterprises and private distributors, with infrastructure spanning import terminals, storage facilities, and nationwide cylinder distribution networks.

Growth in urbanisation and rising incomes continues to support LPG consumption, though longer-term demand may face competition from electrification and alternative energy sources.

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The data

Vietnam imports of LPG in February 2026, US$m