VN, Russian companies ink gas deal
The PetroVietnam Gas Corporation (PV GAS) will buy liquefied natural gas from Russia's Gazprom M&T for a warehouse project at Thi Vai Port in the southern Ba Ria-Vung Tau Province.
 |
| The PetroVietnam Gas Corporation (PV GAS) will buy liquefied natural gas from Russia's Gazprom M&T for a warehouse project at Thi Vai Port in the southern Ba Ria-Vung Tau Province.— Photo thesaigontimes |
The two sides began negotiations on this deal in 2012 within the framework of the comprehensive strategic cooperation between their parent companies, the Viet Nam National Oil and Gas Group (PetroVietnam) and Gazprom.
Gazprom M&T is the first liquefied natural gas (LNG) provider with whom PV GAS has signed such a contract with to ensure LNG supplies for the Thi Vai port warehouse project.
This is an important project of PV GAS which aims to realise its strategy to diversify gas supplies as well as make up for gas shortages in the coming years.
The project has an annual capacity of 1 million tonnes of LNG and is expected to become operational in 2017.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Prioritising corporate governance for Vietnam’s sustainable growth (November 14, 2024 | 16:50)
- Vietnam eyes nuclear revival to bolster energy security (November 14, 2024 | 16:46)
- German businesses explore investments in Dong Nai (November 08, 2024 | 18:02)
- Vietnamese consumer sentiment outperforms regional averages (November 08, 2024 | 18:00)
- Exchange and interest rates forecast to remain stable after US election (November 07, 2024 | 14:04)
- Industrial real estate stocks benefit from US election results (November 07, 2024 | 13:56)
- 2024 sees $1.41 billion in fintech funding so far (November 07, 2024 | 08:13)
- Trump at 266 electoral votes, Harris at 195: US media (November 06, 2024 | 14:30)
- Hanoi targets digital and high-tech investment with upcoming event (November 06, 2024 | 13:28)
- Public transport and real estate: The rise of Transit Oriented Development (November 05, 2024 | 15:06)
Mobile Version