{"id":4918,"date":"2023-10-10T07:34:30","date_gmt":"2023-10-10T07:34:30","guid":{"rendered":"https:\/\/www.cngvietnam.com\/vietnam-the-new-bright-spot-of-the-liquefied-natural-gas-market\/"},"modified":"2024-02-20T16:31:38","modified_gmt":"2024-02-20T09:31:38","slug":"vietnam-the-new-bright-spot-of-the-liquefied-natural-gas-market","status":"publish","type":"post","link":"https:\/\/www.cngvietnam.com\/en\/vietnam-the-new-bright-spot-of-the-liquefied-natural-gas-market\/","title":{"rendered":"Vietnam &#8211; The new &#8220;bright spot&#8221; of the Liquefied Natural Gas market"},"content":{"rendered":"<p><strong><span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">Power Plan VIII has determined that renewable gas thermal power sources from Liquefied Natural Gas (or &#8220;LNG&#8221; for short) will account for more than 14.9% of the total capacity of the entire national power generation system by 2030<\/span><\/span>\u00a0<span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">and is one of the sources that helps ensure sufficient, stable and safe supply of the national electricity system.<\/span><\/span><\/strong><\/p>\n<p><span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">Deeply aware of the role and importance of LNG, Vietnam Gas Corporation (PV GAS) has pioneered the import of LNG, contributing to ensuring the country&#8217;s energy security as well as promoting the development of gas industries<\/span><\/span><span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">.<\/span><\/span> <span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">The first historic LNG tanker to dock at Thi Vai, resonating throughout the world energy market, is a clear demonstration of PV GAS&#8217;s impressive capacity with its position as the leading mainstream enterprise of Vietnam&#8217;s gas industry.<\/span><\/span><\/p>\n<p><span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">Shell energy group said it has witnessed &#8220;tremendous growth&#8221; in the LNG market in the past two months and emphasized that three countries are the main drivers for this growth, including Vietnam.<\/span><\/span> <span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">Russia&#8217;s Sputnik news agency also said that Vietnam is becoming a fertile and potential market for gas suppliers.<\/span><\/span> <span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">Currently, at least two large corporations, including NOVATEK and ExxonMobil, have worked with PV GAS to seek opportunities to supply LNG to Vietnam.<\/span><\/span><\/p>\n<p style=\"text-align: center;\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.pvgas.com.vn\/Portals\/0\/images\/2023\/Hinh%201_%20Chuyn%20tau%20LNG%20du%20tien%20da%20dua%20Vit%20Nam%20tr%20thanh%20cai%20ten%20hot%20nht%20th%20trung%20LNG.jpg\" alt=\"Chuy\u1ebfn t\u00e0u LNG \u0111\u1ea7u ti\u00ean t\u1ea1i Vi\u1ec7t Nam\" width=\"2500\" height=\"1405\" \/><em>The first LNG tanker in Vietnam imported by PV GAS<\/em><\/p>\n<p><span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">LNG imported by PV GAS will be distributed to customers in 2 methods:<\/span><\/span><\/p>\n<ul>\n<li><span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">LNG is degasified and compressed into gas pipelines to supply power generation customers and industrial consumers within the pipeline system.<\/span><\/span><\/li>\n<li><span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">LNG is distributed by CNG Vietnam in specialized tanks (LNG ISO Container) to customers&#8217; regasification stations across the country outside the existing gas pipeline system.<\/span><\/span><\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter size-large wp-image-4801\" src=\"https:\/\/www.cngvietnam.com\/wp-content\/uploads\/2023\/08\/CNG-Viet-Nam-hoan-tat-chay-thu-LNG-2-1024x768.jpg\" alt=\"\" width=\"800\" height=\"600\" srcset=\"https:\/\/www.cngvietnam.com\/wp-content\/uploads\/2023\/08\/CNG-Viet-Nam-hoan-tat-chay-thu-LNG-2-1024x768.jpg 1024w, https:\/\/www.cngvietnam.com\/wp-content\/uploads\/2023\/08\/CNG-Viet-Nam-hoan-tat-chay-thu-LNG-2-300x225.jpg 300w, https:\/\/www.cngvietnam.com\/wp-content\/uploads\/2023\/08\/CNG-Viet-Nam-hoan-tat-chay-thu-LNG-2-768x576.jpg 768w, https:\/\/www.cngvietnam.com\/wp-content\/uploads\/2023\/08\/CNG-Viet-Nam-hoan-tat-chay-thu-LNG-2-1536x1152.jpg 1536w, https:\/\/www.cngvietnam.com\/wp-content\/uploads\/2023\/08\/CNG-Viet-Nam-hoan-tat-chay-thu-LNG-2.jpg 2048w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p style=\"text-align: center;\"><em>CNG Vietnam&#8217;s LNG transport tanker<\/em><\/p>\n<p><span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">In the near future, PV GAS continues to stand before a historic milestone: The inauguration of a key national project &#8211; Thi Vai LNG Warehouse with a capacity of 1 million tons.<\/span><\/span> <span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">Thi Vai LNG Terminal System has been confirmed to fully meet domestic and international standards and regulations, as well as operational and maritime safety requirements;<\/span><\/span> <span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">Highly appreciated for its detail, feasibility and rigor between operational stages.<\/span><\/span> <span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">Thi Vai LNG warehouse will partially compensate for the domestic gas shortage from 2024 onwards.<\/span><\/span><\/p>\n<p><span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">In addition to investing in the construction of LNG Warehouse 1 MMTPA Thi Vai, PV GAS is also investing in the construction of Son My LNG import warehouse with a total expected capacity of up to 10 million tons of LNG\/year when completed.<\/span><\/span><\/p>\n<p><span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">PV GAS is making efforts to gradually realize a series of strategic plans including: MMTPA Thi Vai LNG Warehouse 1, Son My LNG Terminal project and similar LNG terminal projects in the North.<\/span><\/span> <span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">With methodical and thorough investment, this series of LNG terminal projects is expected to help PV GAS demonstrate its ability to respond to the market, be a lever to achieve its goals, and help Vietnam make its mark on the world.<\/span><\/span> <span class=\"jCAhz ChMk0b\"><span class=\"ryNqvb\">regional and world markets.<\/span><\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.pvgas.com.vn\/Portals\/0\/images\/2023\/Hinh%202%20%282%29.jpg\" alt=\"kho c\u1ea3ng LNG Th\u1ecb V\u1ea3i\" width=\"2500\" height=\"1879\" \/><\/p>\n<p style=\"text-align: center;\"><em>Overview of PV Gas Vung Tau Port<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power Plan VIII has determined that renewable gas thermal power sources from Liquefied Natural Gas (or &#8220;LNG&#8221; for short) will account for more than 14.9% of the total capacity of the entire national power generation system by 2030\u00a0and is one of the sources that helps ensure sufficient, stable and safe supply of the national electricity [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[76],"tags":[82],"acf":[],"_links":{"self":[{"href":"https:\/\/www.cngvietnam.com\/en\/wp-json\/wp\/v2\/posts\/4918"}],"collection":[{"href":"https:\/\/www.cngvietnam.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cngvietnam.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cngvietnam.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cngvietnam.com\/en\/wp-json\/wp\/v2\/comments?post=4918"}],"version-history":[{"count":1,"href":"https:\/\/www.cngvietnam.com\/en\/wp-json\/wp\/v2\/posts\/4918\/revisions"}],"predecessor-version":[{"id":5281,"href":"https:\/\/www.cngvietnam.com\/en\/wp-json\/wp\/v2\/posts\/4918\/revisions\/5281"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cngvietnam.com\/en\/wp-json\/wp\/v2\/media\/5221"}],"wp:attachment":[{"href":"https:\/\/www.cngvietnam.com\/en\/wp-json\/wp\/v2\/media?parent=4918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cngvietnam.com\/en\/wp-json\/wp\/v2\/categories?post=4918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cngvietnam.com\/en\/wp-json\/wp\/v2\/tags?post=4918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}