PV GAS greets press, announces its LNG deployment plan in 2024
On March 5, 2024, at the headquarter of Petrovietnam Gas Corporation (PV GAS), a press release was held with the purpose of officially announcing the deployment of LNG supply for industrial production as in the Corporation’s integrated business model of LPG/CNG/LNG.
PV GAS’ press release at its headquarter
In 2023, PV GAS surpassed its planned targets and achieved numerous impressive accomplishments, including revenue of VND 116,000B, record-breaking LPG sales volume since its establishment - nearly 2.5 million tons, completing the increase in charter capital, etc. Particularly noteworthy, PV GAS successfully put into operation the 1-MMTPA Thi Vai LNG Terminal and is currently the only entity in Vietnam eligible for LNG import and export trading.
Building on the successful results of the previous year, PV GAS continues to set ambitious growth targets for its business operations in 2024. This poses both a challenge and a motivation for the leaders and employees of PV GAS to strive even harder.
In line with the national energy development strategy and its commitment to providing environmentally friendly energy solutions, PV GAS has completed the central LNG infrastructure system at Thi Vai and will officially commence LNG supply for industrial production from March 15, 2024 as in its integrated business model of LPG/CNG/LNG. This brings customers a diverse selection of products, flexible supply sources, and competitive prices.
PV GAS’ President & CEO Pham Van Phong at the press release
LNG, with its outstanding advantages in energy efficiency, environmental friendliness, convenience in transportation, and assured supply, is the flagship product in PV GAS' Optimal Energy Solutions Package for the market. The milestone of LNG supply - a low-emission fuel source serving industrial production - marks an important step in PV GAS' journey towards green energy, demonstrating its role and responsibility in realizing the goal of achieving net-zero by 2050 as stated by the Prime Minister at COP26.
PV GAS reaffirms its position as a reliable partner, committed to accompanying partners and gas businesses on the journey towards transitioning to sustainable, clean, and long-lasting green fuels by offering the most competitive energy solutions at all times.
With its reputation and leading position in Vietnam’s gas industry, combined with professional and comprehensive preparation in terms of infrastructure and resources, PV GAS is confident and committed to continuously and stably supplying LNG for industrial production, contributing to national energy security and the robust, prosperous development of Vietnam’s economy.