Construction starts on one-million-tonne Thi Vai LNG warehouse

The state-owned oil and gas group PetroVietnam (PVN) and its member company, PetroVietnam Gas Corporation (PV Gas) started construction on a liquefied natural gas (LNG) warehouse at Thi Vai Terminal in the southern province of Ba Ria – Vung Tau on October 28.
Construction starts on one-million-tonne Thi Vai LNG warehouse ảnh 1Construction starts on a liquefied natural gas (LNG) warehouse at Thi Vai Terminal in the southern province of Ba Ria – Vung Tau on October 28. (Photo: VNA)

Ba Ria – VungTau (VNA) – The state-owned oil and gas group PetroVietnam (PVN)and its member company, PetroVietnam Gas Corporation (PV Gas) startedconstruction on a liquefiednatural gas (LNG) warehouse at Thi Vai Terminal in the sourthern province of BaRia – Vung Tau on October 28.

Speaking atthe groundbreaking ceremony, Vice Chairman of the National Assembly Uong ChuLuu said the Thi Vai LNG Terminal warehouse is significant for the PVN and itssubsidiaries to realise goalsset in Vietnam’s national energy development strategy.

The Thi VaiLNG and Nhon Trach gas power project chain includes the Thi Vai LNG Terminal warehouse andthe Nhon Trach 3 and 4 gas-fired power plants, PV Gas Director General DuongManh Son said.

The warehouseis designed to receive one million tonnes of LNG a year after the first phase is completed in 2022 at anestimated cost of about 285 million USD. Its capacity is expected to double inthe second phase, which is scheduled to finish in 2023.

The warehousewill be capable of receiving LNG tankers with a tonnage of up to 85,000 DWT.After the first phase, it will consist of an LNG tank with a designed capacityof 180,000 cu.m and be capable of supplying extra 1.4 billion cu.m of gas tothe Nhon Trach 3 and 4 gas-fired power plants and otherindustrial businesses.

The operation of the Thi Vai LNG warehouse and the two Nhon Trach power plantswill help meet the growing gas and electricity demand in the southeasternregion, Son said, addingthat the two power plants will be the first in Vietnam using LNG.
At the LNG Producer-Consumer Conference 2019 in Tokyo, Minister of Industry and Trade Tran Tuan Anh said developing LNG is an inevitable trend for Vietnam to diversify fuel sources for electricity generation, contributing to ensuring national energy security.


He said Vietnam’s energy exploitation is mainly based on traditional natural sources such as hydropower, coal, oil and gas. However, hydroelectricity resources have almost been fully exploited. Therefore, the Vietnamese Government has mapped out policies to increase the use of clean and renewable energy for economic development, especially for power generation.

The minister added that in the national development plan of gas industry through 2025 with orientations to 2035, Vietnam needs to import LNG from 2022, and the demand for LNG will increase to about 5 million tonnes by 2025, 10 million tonnes by 2030, and 15 million tonnes by 2035.

To realise these goals, Vietnam is developing a system of LNG import terminals and relevant facilities. Moreover, Vietnam has been building and promulgating a legal framework to develop the LNG sector.

Also during the working visit to Japan to attend the conference, Minister Anh met with Minister of Economy, Trade and Industry Isshu Sugawara and Secretary-General of the Liberal Democratic Party (LDP) for the House of Councilors Hiroshige Seko.

At the meeting with Minister Sugawara, Anh said the Vietnamese Government and Ministry of Industry and Trade are particularly interested in developing LNG-fuelled power generation and will create favourable conditions for Japanese businesses to study and implement LNG investment projects in Vietnam.

He proposed Japan continue helping Vietnam to develop gas-fuelled  power projects in the future, build regulations and policies to develop ports receiving and importing LNG, and develop human resources in the field.

In response, Sugawara said Japan will increase budgets to support human resources training in LNG business for countries, including Vietnam./.

VNA

See more

Thang Long ferry at Cau Da port in Ba Ria - Vung Tau province. (Photo: VNA)

Vung Tau - Con Dao high-speed ferry reoperated

The high-speed ferry service connecting Vung Tau city and Con Dao island in the southern province of Ba Ria-Vung Tau and vice versa was resumed on February 7 by Phu Quoc Express JSC after a 5-month suspension.

At the working session between the Vietnam Directorate of Market Surveillance and the US Embassy over counterfeit Sunview-branded raisins in Hanoi on February 7. (Photo: dms.gov.vn)

Vietnam, US tackle counterfeit Sunview-branded raisins

Statistics showed that since 2024, there have been 27 documented cases involving Sunview raisins, resulting in fines of over 536 million VND (21,440 USD), primarily due to the sale of smuggled goods and products of unclear origin.

The VF3 model manufactured by VinFast is the most popular model in Vietnam's market. ( Photo courtesy of the company)

EVs will no longer be exempt from registration fees

Instead of enjoying a zero percent registration fee, battery-powered electric vehicles (EVs) will be required to pay 50% of the fee applicable to internal combustion engine cars with the same seating capacity.

Thuan An Fishing Port (Photo: tuoitrethudo.vn)

Thuan An fishing port opens, boosting Hue’s seafood industry

The second docking area of Thuan An Fishing Port has a minimum cargo handling capacity of 20,000 tonnes per year, and is capable of simultaneously accommodating 500 fishing vessels of at least six metres in length for docking and storm shelter.

Vietnamese prefer buying gold to mark God of Wealth Day (Photo: VNA)

Gold prices up again on God of Wealth Day

Gold prices surged significantly, exceeding the threshold of 90 million VND (3,550 USD) per tael at the opening session of the God of Wealth Day on February 7 (the 10th day of the first lunar month).

Vietnam will complete and develop the national nuclear power infrastructure to support the implementation of the Ninh Thuan nuclear power project, (Illustrative photo: VNA)

Master plan on atomic energy development, application approved

Efforts will be made to urgently complete and develop the national nuclear power infrastructure to support the implementation of the Ninh Thuan nuclear power project, while continuing to carry out the national nuclear power development programme.

Rice for export at Thoai Son Foodstuff One-member Co. Ltd. under Loc Troi Group. (Photo: VNA)

Vietnam works to expand markets, sustain rice export growth

By mid-January, Vietnam had exported 268,700 tonnes of rice, generating nearly 165.7 million USD, up 38.7% in volume and 23.28% in value year-on-year. To sustain exports, authorities are prioritising trade promotion, with the Ministry of Industry and Trade implementing measures to boost rice exports.