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CNG VIETNAM JOINT STOCK COMPANY

THE TREND OF DEVELOPING CLEAN, ENVIRONMENTALLY FRIENDLY AND SUSTAINABLE FUELS

Building a low-carbon economy from clean - renewable energy

Clean industry has been changing the energy industry’s structure quite rapidly. According to the studies, LNG has the least amount of emissions after combustion, most of the emissions are clean. LNG is considered as an alternative energy for present and future across the globe.

THE GREEN ENERGY PRODUCT FOR THE NEW ERA

Liquefied Natural Gas (LNG) is natural gas with the main composition of CH4 – Methane (94.3%), colorless, odorless, non-toxic, cooled at -162 degrees Celsius to convert to liquid, so that the storage capacity is much higher than CNG (2.4 times higher).

DEEP COOLING - FUEL LIQUEFACTION TECHNOLOGY

Miners extract natural gas from fields in the offshore sea. This gas will be led inland and cooled at -162° Celsius (-260° Fahrenheit) by a specialized gas handling system. This process will produce LNG gas in liquid state and stored in large tanks.

CLEAN FUEL - CLIMATE CHANGE MITIGATION

LNG overcomes all disadvantages of traditional fuels such as coal, gasoline, oil... towards an industry that produces clean emissions into the environment. Energy development is associated with the implementation of international commitments on environmental protection and climate change mitigation.

LNG - AN OUTSTANDING NEW FUEL SOURCE

Environmentally friendly
LNG is an energy source with much lower emissions to the atmosphere than fossil fuels such as oil or coal. Minimize pollution and protect the atmosphere.
Convenient storage
Because LNG occupies only 1/600 of the volume compared to air at standard conditions (15 degrees Celsius, 1 atm), it is a convenient gas product for storage and transportation from production to consumption markets in the world.
Economic efficiency
Using LNG as a fuel for the transportation industry for trucks and boats will bring in potential economic benefits compared to fuel oil and diesel.
Easy to transport
LNG that exists in liquid form will be easily and safely transported with large volumes, and produce high economic efficiency. On arrival at the point of consumption, LNG is easily converted to pure natural gas through a special evaporator.
Safe fuel
LNG is cooled at atmospheric pressure, making it safer than high-pressure liquefied gases. LNG evaporates quickly and disperses, leaving no residue, so that no cleanup is required for LNG spills on water or land.
Reduce equipment corrosion
LNG is an odorless, colorless, non-corrosive, non-toxic gas. Equipment will be safer, and corrosion or damage will be reduced, service life and efficiency will be improved.
Meet long-term consumption needs
Using LNG fuel ensures national energy security, long-term stable gas supply, meets domestic gas consumption demand, especially for power generation.
Future clean energy
Proven, reliable and safe LNG for engines, people and the environment. It is the cleanest gas among fuels, opening a new era of clean energy in the future.

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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LNG DISTRIBUTION PROCESS

LNG source

LNG is imported from countries with large reserves in the world by specialized LNG carriers.

LNG carriers are received and pumped into the storage through the jetty installed with a specialized receiving system.

A diversified liquid tank system with capacity of 15,000 Sm3, 20,000 Sm3, 25,000 Sm3 and 30,000 Sm3 with working pressure of 8 barg, is the means of transporting LNG to the customer’s factory.

Depending on the demand, customers can install a re-gas system including LNG tank and re-gas equipment with working pressure of about 8 barg to bring LNG to natural gas form supplied to customer’s factory.

From the re-gas system with an output pressure of approximately 8 barg, the gas is depressurized as required and piped into the gas combustion chambers.

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  • Introduction about LNG
  • Introduction about LNG
  • Advantages of LNG
  • Advantages of LNG
  • LNG conversion process
  • LNG conversion process
  • LNG distribution process
  • LNG distribution process

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