Vietnam natural gas production down 11.35% in January MoM / +0.34% YoY

Vietnam produced 459.85 million m 3 of natural gas in January, down 11.35 percent from 518.71 million m 3 in December, according to the latest data from the National Statistics Office.

Year-to-date output reached 459.85 million m 3 by the end of January.

Listed gas companies

Key gas firms listed on the Vietnam stock exchange include:

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 Monday, up 0.95 percent with 227,000 shares traded, worth VND 594 million.

Foreign ownership in CNG is currently capped at 49.0 percent, with current foreign ownership sitting at 1.7 percent.

PetroVietnam Gas JSC

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

GAS closed at VND 108,700 on Monday, up 7.1 percent with 9,564,000 shares traded, worth VND 103,183 million.

Foreign ownership in GAS is currently capped at 49.0 percent, with current foreign ownership sitting at 2.3 percent.

International Gas Product Shipping Joint Stock Company

International Gas Product Shipping Joint Stock Company

GSP closed at VND 11,200 on Monday, up 0.05 percent with 407,000 shares traded, worth VND 456 million.

Foreign ownership in GSP is currently capped at 0.0 percent, with current foreign ownership sitting at 0.0 percent.

Petrolimex Gas Corporation

Petrolimex Gas Corporation

PGC closed at VND 14,800 on Monday, up 0.5 percent with 826,000 shares traded, worth VND 1,181 million.

Foreign ownership in PGC is currently capped at 49.0 percent, with current foreign ownership sitting at 2.0 percent.

PetroVietnam Gas Distribution JSC

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

PGD closed at VND 24,100 on Monday, up 0.05 percent with 92,000 shares traded, worth VND 222 million.

Foreign ownership in PGD is currently capped at 49.0 percent, with current foreign ownership sitting at 46.4 percent.

Petro MiGas JSC

Petro MiGas JSC (PMG) distributes LPG, CNG, and related gas products for industrial and household use.

PMG closed at VND 7,600 on Monday, down 0.5 percent with 58,000 shares traded, worth VND 45 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

South Korea-led LNG project approved

SK Innovation has announced it has been selected to develop the Quen Lap liquefied natural gas power project in Nghe An Province through a consortium with PV Power, a subsidiary of Petrovietnam.

The US$2.3 billion project will include a 1,500 megawatt gas-fired combined cycle plant, an LNG terminal and a dedicated port, with construction scheduled to begin in 2027 and finish by 2030.

Vietnam’s gas industry

Vietnam’s gas industry supplies fuel for power generation, fertiliser production and industrial use, with most output coming from offshore fields in the Cuu Long and Nam Con Son basins.

State-owned Vietnam Oil and Gas Group plays a central role in exploration, production and pipeline infrastructure, often in partnership with foreign energy companies.

Several liquefied natural gas to power projects are under development as Vietnam seeks to diversify its energy mix and reduce reliance on coal.

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The data

TABLE: Vietnam natural gas production