Hanoi (VNA) - Petrovietnam Gas JSC (PV GAS) is making steady progress in the final stretch of 2025, achieving positive production and business results while setting ambitious growth targets for 2026 and the 2026–2030 period.
This milestone reflects the company’s determination to transform its management and business model toward sustainable and efficient development, helping PV GAS maintain its number-one position and lead the gas market.
During the first ten months of 2025, and with projections for the full year, PV GAS has completed and surpassed most of its assigned targets, laying an important foundation for further development in 2026 and beyond.
For 2026, the company plans to achieve revenue growth of 10% compared to 2025, with expectations for strong breakthroughs across many key indicators. Growth will be driven by international business activities, the development of new products and services, and comprehensive digital transformation.
While maintaining its central role in Vietnam’s gas value chain, PV GAS is actively expanding into green energy, clean energy, and smart technologies. A notable step is the planned trial production of green hydrogen (H₂) at the Dinh Co Gas Processing Plant (GPP Dinh Co) in the first quarter of 2026, marking a significant move toward realising its “Green Energy Journey” initiative.
In terms of digital transformation and automation, PV GAS is implementing the first phase of a smart plant project at the Ca Mau Gas Processing Plant (GPP Ca Mau). The company is also preparing to expand this smart management model to the Thi Vai port and storage cluster, aiming to meet international standards in management, operations, and logistics.
Additionally, the establishment of PV GAS Logistics is expected to enhance the specialised logistics service chain for the gas industry, contributing to both revenue and profit growth in 2026.
The period from 2026 to 2030 is considered pivotal for infrastructure investment, ensuring sustainable growth in the following years with a total estimated investment of about 3.5 billion USD. PV GAS is committed to maintaining an average annual revenue growth of 8–10%, aiming to dominate the domestic natural gas market, secure a major share of the national LPG and LNG market, and expand its international business presence. The company also targets a position among the top 50 enterprises in the Fortune Southeast Asia 500 ranking by 2030.
PV GAS plans to grow by developing the gas energy value chain across upstream, midstream, and downstream sectors. PV GAS will prioritise investment in LNG hubs connected to existing gas industrial infrastructure, supporting the creation of national ecological energy industrial centres under the Vietnam National Industry– Energy Group (Petrovietnam). Market expansion and diversification remain central to the strategy, with international business expected to account for around 30–35% of total revenue.
At the same time, PV GAS is leading the push for new and green energy solutions, aiming for new products and services to make up a quarter of revenue by 2030.
These objectives reflect a decisive shift in PV GAS’s business model. The company not only retains its core role in the traditional gas sector but is also extending its value chain, entering international markets, and pioneering green energy initiatives in Vietnam.
PV GAS is committed to achieving its double-digit growth target for 2026, establishing a solid foundation to reach new heights from 2026 to 2030. This strategy ensures the company continues to lead Vietnam’s gas industry while contributing to the nation’s sustainable energy future./.
