PV GAS to supply nearly 70.000 of LNG to EVN
In accordance with Directive No. 05/CT-TTg dated February 14, 2024, of the Prime Minister on ensuring electricity supply, and a sufficient amount of coal and gas for power generation, and to support EVN during the peak dry season of 2024, on March 29, 2024, PV GAS signed a contract to sell nearly 70 thousand tons of LNG to EVN. The LNG volume will be supplied to Phu My 3 Thermal Power Plant in the period of April-May 2024, making up for approximately 500 million kWh to the power system. The urgency of supplementing imported LNG for power generation clearly demonstrates the role and commitment of PV GAS in ensuring national energy security.
PV GAS’ LNG Storage
PV GAS, whose nearly 95.76% of shares are owned by Vietnam Oil and Gas Group (Petrovietnam), is the leading entity entrusted by Vietnam’s Party and State to lead the nation's gas industry within the framework of implementing a competitive energy market, aligning with the Decision No. 2233/QD-TTg dated December 28, 2020, of the Prime Minister. Up to present, PV GAS has been the first and only enterprise qualified for LNG import and export, at the same time, owning a complete LNG infrastructure system in Vietnam, operational since July 2023.
LNG vessel arrived at Thi Vai LNG Terminal in July 2023.
PV GAS' introduction of LNG for electricity production in Vietnam, at the time of a decrease in the country’s existent fuel sources, affirms the Corporation's commitment to contributing to the Nation's energy security, in alignment with the Prime Minister's directives in Directive No. 05/CT-TTg dated February 14, 2024. The Al Jassasiya vessel is projected to supply nearly 70 thousand tons of LNG from Ras Laffan, Qatar, scheduled to arrive at PV GAS Vung Tau Terminal on April 11, 2024. Once again, the spirit of "Fuelling Values to Life" in PV GAS' green energy journey will be showcased.
With the support of the Ministries and State’s Agencies as well as Petrovietnam, in the coming time, PV GAS will actively support and be alongside the Authorities to resolve policy knots related to mechanisms and infrastructure in the implementation of LNG products in Vietnam, contributing to building a transparent and sustainable LNG trading market.