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PV Gas – leading firm in domestic gas industry

PetroVietnam Gas Joint Stock Corporation (PV Gas) has taken the lead in the Vietnam Oil and Gas Group (PetroVietnam) and played key role in the domestic gas industry, heard a meeting celebrating the 30th founding anniversary of the corporation in HCM City on September 18.
PV Gas – leading firm in domestic gas industry ảnh 1 PV Gas honours outstanding individuals that have significantly contributed to the corporation’s development over the past time. (Photo: pvgas.com.vn)

Hanoi (VNA) – PetroVietnam Gas Joint Stock Corporation (PV Gas) hastaken the lead in the Vietnam Oil and Gas Group (PetroVietnam) and played keyrole in the domestic gas industry, heard a meeting celebrating the 30th founding anniversary of the corporation in HCM City on September 18.

DuongManh Son, PV Gas General Director, said with major projects, PV Gas has brought the gas industry forward in the national economy.

Thecorporation has built a complete infrastructure system for the gas industry with four gas systems with 1,200km ofpipelines, three gas factories and 13 liquefied petroleum gas (LPG) warehouseswhose combined capacity stands at nearly 100,000 tonnes, he said, stressingthat its total asset exceeds 62 trillion VND (2.67 billion USD).

Annually,PV Gas provides raw materials for the production of 20 percent of the country’selectricity output and meets 70 percent of national nitrogen demand. It hasdominated the domestic dry gas market and accounted for 65 percent of thecountry’s LPG market share. 

Despitethe impact of the dropping petroleum price and COVID-19, PV Gas has maintainedits growth and worked to ensure the progress of many projects in line with theVietnam Oil and Gas Industry Development Strategy.

Atthe meeting, PV Gas honoured 10 outstanding initiatives and individuals thathave significantly contributed to the corporation’s development over the pasttime./.
VNA
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