Business

EPCC contract signed for Thi Vai LPG depot

The PetroVietnam Gas Corporation (PV Gas) and its contractors signed a 114 million USD contract on November 30 to build the Thi Vai liquefied petroleum gas (LPG) depot in Ba Ria-Vung Tau province.
The PetroVietnam Gas Corporation (PVGas) and its contractors signed a 114 million USD contract on November30 to build the Thi Vai liquefied petroleum gas (LPG) depot in BaRia-Vung Tau province.

The contractors, thePetroVietnam Construction Corporation (PVX) and the Daewoo EngineeringCompany (DEC) from the Republic of Korea , will carry out theproject within 22 months after the contract comes into effect.

Under the terms of the EPCC (engineering, procurement, constructionand commissioning) contract, PVX will carry out works to the tune of 59million USD, while DEC will perform works worth 55 million USD.

Covering a site of 5.3 hectares in the Cai Mep Industrial Zone, thedepot is capable of storing 60,000 tonnes, equivalent to 15,000 m3 ofLPG, making it the largest of its kind in Vietnam .

The depot is expected to help PV Gas stabilise its supply of LPG tothe local market and ensure the nation’s energy security.

Vietnam now houses 26 LPD depots, with a total capacity of 61,000m3, mainly in the northern port city of Hai Phong , the central portcity of Da Nang , the southern province of Dong Nai , Ho Chi MinhCity , the Mekong Delta city of Can Tho and the oil-rich provinceof Ba Ria-Vung Tau./.
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