Petrovietnam facilitates production, trading of gas products
The Vietnam Oil and Gas Group (Petrovietnam) is taking measures to create favourable conditions for production and trading of gas products in the remaining months of 2022, given negative impacts of the world energy crisis on the consumption demand for liquefied petroleum gas (LPG), and liquefied natural gas (LNG).
Workers carry out maintenance at the Dinh Co gas factory. (Photo: PV GAS)Specifically, businesses will have to face a risk of rapid and high LPG price fluctuations that can reduce the competitiveness of this kind of gas with alternative fuels.
For the LNG business, Hoang Viet Dung, Deputy Director of PV GAS Trading – an affiliate of the Petrovietnam Gas Joint Stock Corporation (PV GAS), said that PV GAS plans to start implementing business activities from the end of 2022 after completing the Thi Vai LNG Warehouse project.
He stressed the need to supplement mechanisms and policies to ensure that LNG business management suits the situation, and carry out effective business solutions and strategic orientations to bring into play strengths of the group’s subsidiaries.
Petrovietnam Deputy General Director Le Xuan Huyen hailed contributions made by PV GAS and the Binh Son Refining and Petrochemical Joint Stock Company (BSR) to the group’s fulfilment of common targets.
He asked the units to actively study the market and promptly grasp opportunities opened up during Vietnam’s energy transition process./.
You should also see
PM attends ceremony to start work on Him Lam resistance centre renovation project
Prime Minister Pham Minh Chinh on April 17 attended a ceremony to start work on a project to renovate Him Lam resistance centre, a part of the Dien Bien Phu complex of fortifications in the northern mountainous province of Dien Bien.
See more
Videos
Agro-forestry-fisheries products nearly double in Q1
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at over 13.5 billion USD, up nearly 22% over the same period last year, according to the Ministry of Agriculture and Rural Development.
Business
Beautycare Expo 2024 opens in Hanoi
The Beautycare Expo 2024 kicked off Hanoi on April 18, featuring over 250 booths from more than 15 countries and territories.
Business
Standard Chartered, US promote clean energy investments in Vietnam
Standard Chartered and the US Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) on green financing in Vietnam and to promote the deployment of advanced clean energy in Vietnam.
Business
Vietnam Airlines, Sun Group promote Vietnam’s tourism in RoK
National flag carrier Vietnam Airlines and Sun Group on April 17 held a tourism promotion event themed “The Magnificent Vietnam” in Seoul, aiming to promote Vietnam’s tourism potential, flights, and trade opportunities for Vietnam and the Republic of Korea (RoK).
Business
Overseas remittances to HCM City record highest increase in three years
Overseas remittances to Ho Chi Minh City exceeded 2.86 billion USD in the first quarter of 2024, an annual increase of 35.4% and the highest recorded in three consecutive years.
