Vietnam Report JSC, in collaboration with VietNamNet, recently published The Top 50 Prestigious and Effective Public Companies in 2023 (VIX50), among which 6 business units of PVN were honored. A point worth noticing is that PetroVietnam Gas Joint Stock Corporation (PV GAS) was highly ranked in the list.

Under PV GAS’ LPG Retail Market Development Strategy for the 2021-2025 period, aimed at developing its retail network and distribution channels to increase retail LPG output and business efficiency, PV GAS, in collaboration with PV GAS LPG, has been working closely with JCCP, a non-profit organization under the Japanese Ministry of Economy Trade and Industry (METI), and Hagio to conduct research and trials on "Improving the management of LPG cylinders distribution in Vietnam by barcode ".

The Conference of Investors of Son My LNG-to-Power Project was organized in Binh Thuan on 04 August 2023 with the attendance of central and provincial leaders as well as distinguished guests and delegates of Binh Thuan Province.

Mr. Pham Van Phong, President & CEO of PV GAS, recently had a meeting and working session with Samsung C&T, led by President Oh Se Chul. The meeting was to explore collaboration between PV GAS and Samsung C&T in researching methods to increase LNG supply for industrial customers and utilize the cryogenic feature of LNG in the coming time.

On  August 1st, after successfully completing the Performance Run Test of Thi Vai LNG Terminal, PV GAS held a conference with the attendance of Samsung C&T, PTSC and Alpha ECC, aimed at the current status of the terminal for further Reliability Run Test. The meeting was a testament to PV GAS’ tremendous determination and effective collaboration with the main contractor and related units to bring its LNG value chain from concept to reality.

Implementing the Memorandum of Cooperation between the Government Inspectorate of Vietnam and the State Inspection Authority of Laos, and as part of the Government Inspectorate's foreign activities program in 2023, the State Inspection Authority of Laos conducted a training program in Vietnam in July 2023. On July 28th, the delegation visited and worked with PV GAS to study the practical experience of internal corporate inspection activities.

Based on Plan No. 371/KH- CĐDK dated July 13, 2023, of PVN Trade Union regarding the 94th anniversary of Vietnam General Confederation of Labor (July 28, 1929 - July 28, 2023), recently, PV GAS Trade Union has developed and executed a plan to celebrate this meaningful day.

The gas industry is identified as a pivotal sector in the process of Vietnam’s industrialization and modernization. However, due to the nature of its operations, there are inherent risks of fire and explosion, posing potential hazards to the cmmunity and the environment. Therefore, ensuring absolute safety for gas facilities is always a top priority for the Authorities at all levels.

PV GAS’s targets in 2023’s first half were reported to be exceeded. In particular, its output and revenue came out transcending respectively about 3-19% and 13-17% of what was planned, leading to an 81-83% increase in profit before and after tax compared to the targeted ones. As a result, PV GAS’s contribution to the National budget reached 57-60% higher than its target.

On July 18, 2023, the first 70,000-ton commissioning LNG cargo was fully pumped into the 180,000 m3 storage tank at Thi Vai LNG Terminal after more than a week since the arrival of the Maran Gas Achilles LNG Carrier (LNG/C). This helped PV GAS gain momentum on the journey towards green energy transition and contributed to elevating Ba Ria - Vung Tau seaport cluster’s reputation, as well as that of Vietnam on the global energy map.

On July 13, 2023, Youth Union Chapter of PV GAS South East Transmission Company (KDN) (hereinunder referred to as “the Chapter”) held a conference to review their performance in 2023’s first half and discuss directions in the next one.

That Maran Gas Achilles successfully berthed at Thi Vai LNG terminal at 10:00AM on July 10, 2023 has truly marked an important turning point for Vietnam gas industry, in which PV GAS continues to play a pioneering role, towards green energy and sustainable development.