On October 29, 2023, at Cai Mep Industrial Park, Phu My Town, Ba Ria - Vung Tau, PetroVietnam Gas Corporation (PV GAS) held a ceremony to inaugurate the 1 MMTPA Thi Vai LNG Terminal. Politburo member, Prime Minister H.E. Pham Minh Chinh sent a bouquet of flowers as a token of his congratulations on PV GAS’ historic milestone. At the ceremony, Member of the Central Party Committee, Deputy Prime Minister H.E. Tran Luu Quang delivered guidance speech and joined the Ribbon-cutting Ceremony.

General Manager of PV GAS Trading Company (PV GAS TRADING), Mr. Nguyen Phuc Tue, shared as of October 2023, the company had met all production and business targets for 2023 ahead of schedule, signaling a year of exceeding assigned tasks and setting a new business record.

Liquefied Natural Gas (LNG) has been known since the late 19th century. Today, it has become a key player in the new energy trend. Vietnam is also one of the prominent countries in the global LNG market.

After more than 3 years of construction, the 1 MMPTA Thi Vai LNG Terminal moved on to the commissioning phase before going online. This was the final key determining the success of the project. In this period, the reception of the first historic LNG vessel into Vietnam was one of the greatest prides of Petrovietnam Gas Corporation (PV GAS).

Thi Vai LNG Terminal stands as a technological masterpiece in Vietnam’s gas industry. Not only is it the largest and most modern LNG complex in the country but also a clear testament of PV GAS to ushering in a new era of Vietnam’s energy journey.

On the eve of the Inauguration of a National Key Project – Thi Vai LNG Terminal, those involved in the project from the very beginning couldn't help but be moved by a mix of emotions as there is so much joy, happiness, and pride.

Liquefied Natural Gas (LNG) has long been a sensation in the global energy market. In recent years, it has consistently been highlighted as a new direction for Vietnam's gas industry. 

On October 12, 2023, a Memorandum of Understanding (MoU) signing ceremony between PV GAS and Vietnam Petroleum Association (VPA) was held solemnly at PV GAS headquarter.

In the near future, PV GAS will inaugurate the 1 MMTPA Thi Vai LNG Terminal, marking a milestone when the very first LNG complex in Vietnam coming into operation.

By pioneering the importation of liquefied natural gas (LNG), PV GAS has officially placed Vietnam on the world's LNG map. In recent days, global energy experts have acknowledged Vietnam's emergence as a “newcomer” in the global LNG market, in the face predictions and concerns about price barriers and the ability to secure long-term contracts.

For over three decades, PV GAS has maintained its leading position in Vietnam's gas industry, as the flagship of PVN. However, its journey toward green energy has been a long and challenging one, beginning with the idea of importing LNG first conceived in 2007. Over 16 years, PV GAS has not only endeavored to ensure national energy security but has also been passionately committed to the energy transition. In the near future, PV GAS will inaugurate Vietnam's first and largest LNG terminal, affirming LNG will seamlessly integrate into PV GAS' value chains.
 

Liquefied Natural Gas (LNG) has become an indispensable source of energy worldwide. Recognizing the pivotal role, it will play in Vietnam's gas industry, PV GAS has been a pioneer in LNG imports, contributing to the national energy security and promoting the development of domestic industries.