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PetroVietnam plans to import 1st LNG cargo in 2022

Vietnam is promoting gas-fired power as it moves away from coal and oil-based generation

PetroVietnam plans to import 1st LNG cargo in 2022

Source: Petrovietnam

Hanoi, November 16 - Neftegaz.RU. PetroVietnam Gas, a subsidiary of state-owned PetroVietnam, will launch the onshore LNG receiving terminal at Thi Vai in the coastal area southeast of Ho Chi Minh City in the 3rd quarter of next year.

The government of Vietnam previously said that Vietnam would start importing LNG in 2022 in order to meet the country’s growing power demand.

This facility will have a capacity of 1 mtpa in its 1st phase, while the company plans to boost the capacity to 3 mtpa in the next stage.
The construction took off in October 2019.

According to the statement, the facility is currently about 90% complete.
PV Gas is also working on the LNG truck station at Thi Vai and the connecting pipeline.

The company says that it would supply about 70% of the regasified LNG to power plants and the rest to consumers such as petrochemical and industrial plants but also the transport sector.
Besides the Thi Vai facility, PetroVietnam Gas plans to build 2 other LNG projects.

PetroVietnam Gas also said it has signed 6 LNG sale & purchase agreements with foreign suppliers.
It, however, did not disclose the names of the companies.

Source : Neftegaz.RU


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