cai mep lng terminal to start commercial operations in september 2024

Cai Mep LNG Terminal to start commercial operations in September 2024

AG&P LNG, a subsidiary of Nebula Energy, along with its partner, Hai Linh Co., Ltd., a prominent petroleum product import terminal and trader, have announced the start of the commissioning of Cai Mep LNG Terminal.
tra vinh approves 576 billion vnd petroleum storage terminal project

Tra Vinh approves 576 billion VND petroleum storage terminal project

The southern province of Tra Vinh has approved an investment worth 576 billion VND (23.26 million USD) to develop a petroleum storage terminal project by the Tra Vinh Petrochemical and Energy Joint Stock Company.
acuity funding lends 720 million to nsh petro

Acuity Funding lends $720 million to NSH Petro

Australia’s Acuity Funding has agreed to lend $720 million to Nam Song Hau Trading Investing Petroleum JSC (NSH Petro) to implement eight projects.
roks firm penetrates lpg market in vietnam

RoK's firm penetrates LPG market in Vietnam​

E1, an importer and distributor of liquefied petroleum gas (LPG) under the Republic of Korea’s LS Group. Announced on February 21 that it has signed a joint contract with Venus Gas, the largest LPG importer in northern Vietnam, to build an LPG terminal in Bac Tien Phong industrial complex in Vietnam's northern coastal province of Quang Ninh.
acuity funding provides 650 million loan for nsh petro

Acuity Funding provides $650 million loan for NSH Petro

On January 22, Acuity Funding signed a letter of intent with Nam Song Hau Trading Investing Petroleum JSC (NSH Petro) to provide a $650 million loan for petroleum development.
hanoi aims to green up bus system ahead of schedule

Hanoi aims to green up bus system ahead of schedule

Hanoi is taking steps to complete the “greening up” of local bus services 15 years ahead of the roadmap designed by the Government, which aims to convert buses from using petrol to green energy (electric or CNG) in Hanoi by 2050, according to Vice Chairman of the Hanoi municipal People’s Committee Nguyen Manh Quyen.
vietnam moves into gear to ensure petroleum supply

Vietnam moves into gear to ensure petroleum supply

Vietnam has placed priority on ensuring a robust supply of petrol in 2024 to avoid any fuel shortages amid market fluctuations.
pvep completes business targets for year

PVEP completes business targets for year

Petroleum Exploration and Production Corporation (PVEP) overcame difficulties and the fluctuation of the market to achieve its business targets for the whole year.
business weighs up petrol tax cut bid

Business weighs up petrol tax cut bid

While the Vietnamese government has yet to decide on the reduction of the environmental protection tax on petrol, concerns have been raised regarding petrol imports, as local refineries already face losses due to impending machinery shutdowns, such as at Dung Quat Refinery.
idemitsu vietnam established to consolidate its business activities

Idemitsu Vietnam established to consolidate its business activities

The Japanese petroleum company Idemitsu Kosan has established Idemitsu Vietnam Co., Ltd. to consolidate its business activities in the country.
mcdermott and ptsc secure 1 billion contract for block b project

McDermott and PTSC secure $1 billion contract for Block B project

US-based engineering and construction giant McDermott, as part of a consortium with Petrovietnam Technical Services Corporation (PTSC) has received a limited letter of award from Phu Quoc Petroleum Operating Company for its Block B gas-to-power project.
nghi son refinery back online

Nghi Son Refinery back online

Nghi Son Refinery and Petrochemical LLC today announced that the refinery is resuming its normal operations and will deliver petroleum products to the market from October 12, seven days ahead of schedule.
be group working with vinfast and cake by vpbank to promote ev use

Be Group working with VinFast and Cake by VPBank to promote EV use

Be Group signed a cooperation agreement on September 8 with VinFast and Cake by VPBank to encourage its drivers to switch from petrol to electric vehicles (EVs), meaning thousands of Be drivers will benefit from VinFast's support policies and have access to financial solutions from Cake the digital bank.
three institutional investors secure 40 per cent stake in pg bank

Three institutional investors secure 40 per cent stake in PG Bank

PG Bank has seen a significant shift in its ownership as three institutional investors jointly acquired a 40 per cent stake, following the State Bank of Vietnam's approval.
coal to gas conversion gains traction

Coal-to-gas conversion gains traction

Global companies are interested in switching from coal to liquefied petroleum gas (LNG) for local thermal power plants in Vietnam.