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CNG VIETNAM JOINT STOCK COMPANY

THE RACE TO FIND THE PERFECT ENERGY SOURCE

How to deal with environmental pollution problem when using thermal energy?

Not to mention the environmental pollution problem, risks of fire and explosion causing damage to people and properties, the current situation of exhausting traditional fuel sources is also gradually pushing the world to the brink of an energy crisis.

So what is the solution for businesses about an optimal energy source?

A NEW ERA FOR THE CLEAN ENERGY

THE FUEL SOURCE FOR ENVIRONMENTAL PROTECTION

With a simple composition that is easy to remove harmful compounds (such as SOx, NOx, CO2, benzene and aromatic hydrocarbons...), CNG when burned reduces emissions of up to 80% of toxic gases into the environment compared to other fuels...

  • Virtually no dust generation
  • No greenhouse effect
  • Safer in the event of a leak

WHAT IS CNG?

Compressed Natural Gas (CNG) is natural gas with the main composition of CH4 – Methane (88%), colorless, odorless, non-toxic, extracted from natural gas fields or associated gas in the oil exploitation process, going through the treatment to remove impurities and heavy components, and then transported by pipeline to the compressor plant. At the compressor plant, the natural gas is compressed to a pressure of 200 - 250 barg to increase storage capacity, reduce transportation costs. At the consumption place, CNG is reduced to the required pressure (usually below 3 barg) by the PRU (Pressure Reducing Unit).

CNG VIETNAM – CREATING SUSTAINABLE VALUES

CNG is our CNG Vietnam’s main product. We provide comprehensive energy solutions, ensuring environmental friendliness, reducing emissions with outstanding performance and maximum cost savings. Particularly, CNG Vietnam’s solutions aim to address the country’s top concerns and are in line with the global trend.

THE ULTIMATE ENERGY SOLUTION

Reduce emissions by 80%
CNG when burned helps reduce CO2 by 20%, NOx by 30%, SOx by 70% compared to petroleum fuel. When using the engine, CNG helps to reduce hydrocarbons by 50% compared to gasoline engines and generates almost no dust.
Outstanding performance
Natural gas is compressed at a pressure of 200-250 bar to help reduce the storage volume, increase the efficiency with complete combustion.
Cost savings
The cost of CNG is 10-30% cheaper than gasoline, stable for a long time compared to petroleum.
Safe fuel
In the event of a leak, since it is lighter than air, using CNG does not cause as much damage as gasoline or LPG.
Increase machine’s working life
The combustion process occurs completely, without causing deposits in the combustion equipment and carburetors of the vehicles, helping prolong the maintenance cycle.
Dual fuel
Any gasoline vehicle available today can be converted into a dual fuel vehicle (gasoline/CNG) or in combination with another fuel such as diesel.
Large reserves
Due to being exploited later than crude oil, natural reserves are still very large while crude oil is increasingly depleted.
Global energy trends
In the future, CNG is expected to replace fuels such as gasoline and oil because of its superior features.

WHY CHOOSE CNG VIETNAM?

With over 14 years of continuous efforts to become a pioneer and leader in the gas industry, CNG Vietnam has a national stature and is proud to be able to carry on its shoulders the mission of “Delivering clean energy to your doorstep”.

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Established with initial charter capital of 19.2 billion VND
CNG Vietnam Joint Stock Company was established on 28/5/2007 in accordance with Investment Certificate No. 492032000040 issued by the Industrial Park Management Agency of Ba Ria - Vung Tau Province with initial charter capital of 19.2 billion VND from the founding shareholders: Drilling Mud JSC (DMC) (51% charter capital), IEV Energy Sdn. Bhd. (Malaysia) (42% charter capital) and Son Anh Co., Ltd (7% charter capital).
Sharply increased charter capital to 67.2 billion VND. First CNG Plant in Phu My 1 Industrial Park
CNG Vietnam’s first plant was located in Phu My 1 Industrial Park, Ba Ria - Vung Tau Province with an initial capacity of 30 million Sm3 per year (equivalent to 33,000 tons of LPG per year), put into operation on 03/09/2008.
Expanded the market, raised the capacity of Phu My CNG Plant to 70 million Sm3
In 2009, PVGas agreed to transfer the whole capital stake in CNG Vietnam to PVGas South. CNG Vietnam continued to expand the CNG distribution market...
Increased charter capital to 125 billion VND
In 2010, in order to invest in operational expansion projects, CNG Vietnam issued 5,780,000 shares to increase the charter capital from 67.2 billion VND to 125 billion VND for existing shareholders, key staffs and strategic shareholders in accordance with GMS’s Resolution No. 314/NQ - DHCD/2010 dated 02/04/2010.
CNG Vietnam’s total capacity officially reached 70 million Sm3 and supplied CNG for 21 customers
From March 2011, after the compressing stations fully went into operation, CNG Vietnam’s total capacity officially reached 70 million Sm3 which supplied CNG for 21 customers in Nhon Trach, Binh Duong, Ho Chi Minh City and Long An.
Issued ESOP shares and increased charter capital to 213.28 billion VND
In accordance with GMS’s 2011 resolution on issuing shares for employees at the rate of 5% of charter capital (ESOP 2011), the BOD issued Resolution No. 01/NQ- HDQT/2012 to approve the share distribution under ESOP 2011 and completed the capital increase of 5% to 213.28 billion VND.
Increased charter capital to 270 billion VND and approved dividend rate of 35%
On 25/09/2013, State Securities Commission of Vietnam approved the additional issue of shares to increase the Company’s charter capital from 213.28 billion VND to 270 billion VND.
Northern Branch was put into operation
On 08/07/2014, CNG Vietnam approved the Regulations on organization and operation of the Company’s Northern Branch.
Total consumption volume increased sharply to 94.3 million Sm3
The year 2015 recognized the success of CNG’s strategy to expand into Northern region. CNG Vietnam officially supplied gas in this region, bringing the total CNG consumption volume to approximately 94.3 million Sm3, saw a strong growth of 26% compared to 2014.
PVGas became a major shareholder with 56% holding
On 14/03/2016, PVGas became a major shareholder of CNG Vietnam with a holding rate of 56% charter capital after purchasing the whole shares from PVGas South.
10th Anniversary of the establishment of CNG Vietnam Joint Stock Company
The number of customers and gas consumption volume increased significantly. Revenue and profit both exceeded 35-40% of the plan.
Restructured and rearranged the organizational structure of the Company’s office
Restructured and rearranged the organizational structure of the Company’s office. Customer portfolio continued to grow sharply. Shareholders’ equity reached 537 billion VND, increased by 11.8% compared to the previous year.
The Company continued to make progress despite of difficulties and challenges
Gas consumption volume amounted to 192.16 million Sm3, exceeded 23% of the business plan, and 17% higher than the previous year. Total revenue in 2019 was recorded at 2,146.74 billion VND, exceeded 23% of the plan, in which revenue from main business activities (CNG) reached 2,130.39 billion VND, 22% higher than the plan. Profit before tax was 107.6 billion VND, and profit after tax reached 84.4 billion VND, respectively equivalent to 102% and 100% of the annual plan.
Completed the purchase of CNG system in the North
The Company completed the purchase of CNG system in the North. Despite a year of unprecedented difficulties such as the Covid-19 pandemic, plunged oil prices, the Company’s total revenue was recorded at 2,351.1 billion VND to reach 105% of the plan, and profit after tax reached 51 billion VND, 6% higher than the annual plan.
Established with initial charter capital of 19.2 billion VND
CNG Vietnam Joint Stock Company was established on 28/5/2007 in accordance with Investment Certificate No. 492032000040 issued by the Industrial Park Management Agency of Ba Ria - Vung Tau Province with initial charter capital of 19.2 billion VND from the founding shareholders: Drilling Mud JSC (DMC) (51% charter capital), IEV Energy Sdn. Bhd. (Malaysia) (42% charter capital) and Son Anh Co., Ltd (7% charter capital).
Sharply increased charter capital to 67.2 billion VND. First CNG Plant in Phu My 1 Industrial Park
CNG Vietnam’s first plant was located in Phu My 1 Industrial Park, Ba Ria - Vung Tau Province with an initial capacity of 30 million Sm3 per year (equivalent to 33,000 tons of LPG per year), put into operation on 03/09/2008.
Expanded the market, raised the capacity of Phu My CNG Plant to 70 million Sm3
In 2009, PVGas agreed to transfer the whole capital stake in CNG Vietnam to PVGas South. CNG Vietnam continued to expand the CNG distribution market...
Increased charter capital to 125 billion VND
In 2010, in order to invest in operational expansion projects, CNG Vietnam issued 5,780,000 shares to increase the charter capital from 67.2 billion VND to 125 billion VND for existing shareholders, key staffs and strategic shareholders in accordance with GMS’s Resolution No. 314/NQ - DHCD/2010 dated 02/04/2010.
CNG Vietnam’s total capacity officially reached 70 million Sm3 and supplied CNG for 21 customers
From March 2011, after the compressing stations fully went into operation, CNG Vietnam’s total capacity officially reached 70 million Sm3 which supplied CNG for 21 customers in Nhon Trach, Binh Duong, Ho Chi Minh City and Long An.
Issued ESOP shares and increased charter capital to 213.28 billion VND
In accordance with GMS’s 2011 resolution on issuing shares for employees at the rate of 5% of charter capital (ESOP 2011), the BOD issued Resolution No. 01/NQ- HDQT/2012 to approve the share distribution under ESOP 2011 and completed the capital increase of 5% to 213.28 billion VND.
Increased charter capital to 270 billion VND and approved dividend rate of 35%
On 25/09/2013, State Securities Commission of Vietnam approved the additional issue of shares to increase the Company’s charter capital from 213.28 billion VND to 270 billion VND.
Northern Branch was put into operation
On 08/07/2014, CNG Vietnam approved the Regulations on organization and operation of the Company’s Northern Branch.
Total consumption volume increased sharply to 94.3 million Sm3
The year 2015 recognized the success of CNG’s strategy to expand into Northern region. CNG Vietnam officially supplied gas in this region, bringing the total CNG consumption volume to approximately 94.3 million Sm3, saw a strong growth of 26% compared to 2014.
PVGas became a major shareholder with 56% holding
On 14/03/2016, PVGas became a major shareholder of CNG Vietnam with a holding rate of 56% charter capital after purchasing the whole shares from PVGas South.
10th Anniversary of the establishment of CNG Vietnam Joint Stock Company
The number of customers and gas consumption volume increased significantly. Revenue and profit both exceeded 35-40% of the plan.
Restructured and rearranged the organizational structure of the Company’s office
Restructured and rearranged the organizational structure of the Company’s office. Customer portfolio continued to grow sharply. Shareholders’ equity reached 537 billion VND, increased by 11.8% compared to the previous year.
The Company continued to make progress despite of difficulties and challenges
Gas consumption volume amounted to 192.16 million Sm3, exceeded 23% of the business plan, and 17% higher than the previous year. Total revenue in 2019 was recorded at 2,146.74 billion VND, exceeded 23% of the plan, in which revenue from main business activities (CNG) reached 2,130.39 billion VND, 22% higher than the plan. Profit before tax was 107.6 billion VND, and profit after tax reached 84.4 billion VND, respectively equivalent to 102% and 100% of the annual plan.
Completed the purchase of CNG system in the North
The Company completed the purchase of CNG system in the North. Despite a year of unprecedented difficulties such as the Covid-19 pandemic, plunged oil prices, the Company’s total revenue was recorded at 2,351.1 billion VND to reach 105% of the plan, and profit after tax reached 51 billion VND, 6% higher than the annual plan.
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CNG PRODUCTION AND DISTRIBUTION PROCESS

Gas inlet

Natural gas is taken from the gas supply system of PetroVietnam Gas Corporation (PVGas) or the gas pipeline system of PVGas D, goes to the compressor station (Phu My compression station - Southeastern region; Tien Hai, Thai Binh compression station - Northern region) with the pressure of 22 barg. Gas flow is controlled by the inlet metering system.

Gas is led into CNG compressor station and compressed from the pressure of 14-22 barg to 200-250 barg and refill the specialized tanks.

The compressors and control systems are designed in compliance with international standards and Vietnam’s standards and regulations ensuring safe operation and tested annually.

The compressor station in Phu My (Ba Ria - Vung Tau) has a capacity of 220 million Sm3/year and the compressor station in Tien Hai (Thai Binh) has a capacity of 110 million Sm3/year.

 

After being compressed and filled into the specialized tanks (composite, steel) with the tank’s volume of 18-40 m3/tank, CNG is transported to customer’s sites. The tanks and trailers are complied with the strict regulations of dangerous and flammable goods transport.

 

The tank trucks take CNG to the customer’s sites (PRU), then gas is taken from tank trucks with pressure of 200-250 barg (on trailer) going through PRU system, pressure is reduced by 2 stages (stage 1: pressure reduced to 60 barg, stage 2: pressure reduced to 2-7 barg) to supply customers upon request.

PRU system is designed and installed in compliance with international standards and Vietnam’s standards and regulations, ensuring absolute safety.

From the PRU’s outlet, the gas is piped to the customer’s furnace system.

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This is the document that will provide you in detail about CNG Vietnam Joint Stock Company. Please leave information to be able to download the document.
  • Introduction about CNG
  • Introduction about CNG
  • Advantages of CNG
  • Advantages of CNG
  • CNG conversion process
  • CNG conversion process
  • CNG production and distribution process
  • CNG production and distribution process

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