Despite various difficulties, the Vietnam National Oil and Gas Group (PetroVietnam) has rolled out measures to keep operations buoyant in the current situation and to engage in energy transition based on the future of the industry.
The Russia-Ukraine tension appears to benefit Malaysia's position as a net oil exporter and the sharp rise in oil prices will provide temporary support for the country's fiscal position, according to World Bank senior country economist Shakira Teh Sharifuddin.
Vietnam expects good results in foreign direct investment (FDI) attraction in 2022 and following years, with good signals seen right from the beginning of this year, reported the Da tu (Investment) newspaper.
The PetroVietnam Power Corporation (PV Power) has signed a cooperation agreement with gas industry company Novatek of Russia, on the development of liquefied natural gas (LNG) and energy projects in Vietnam.
Authorities of the south central coastal province of Khanh Hoa have sought the Prime Minister’s backing of two major projects with total investment of more than 27 billion USD proposed by the Millennium Energy Corp of the US at the Van Phong Economic Zone (EZ).
More firms have set up liquefied natural gas (LNG) desks in Singapore to capitalise on growing demand for gas in Asia, Singapore’s Trade and Industry Minister Chan Chun Sing said.
The PetroVietnam Power Corporation (PV Power), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), has completed plans for the construction of four liquefied natural gas (LNG)-fired power plants.
Indonesia is striving to double gas production over the next 10 years to 12.3 billion cubic feet per day as it sets to become one of the world’s top exporters with major projects in the pipeline.
The People’s Committee of Bac Lieu province hopes the licence it granted to a Singapore company for a liquefied natural gas-fired (LNG) power plant in the province is going to be a significant factor in attracting further foreign direct investment (FDI).
The state-run Electricity Generating Authority of Thailand (Egat) is preparing to develop the country's first floating storage regasification unit (FSRU) worth 24.5 billion baht (807.8 million USD) to support its business plan to import liquefied natural gas (LNG) from 2020.
Demand for liquefied natural gas (LNG) will continue to be strong, outpacing domestic production by 2020 requiring the country to import around one million cubic metres a year, according to the Ministry of Industry and Trade.
Norwegian companies have experience in the liquefied natural gas (LNG) industry, and they are ready to share knowledge and technology in this field with Vietnam, Ambassador of Norway Grete Lochen said at a seminar on November 4.
Many foreign businesses have come to explore the investment opportunities in Vietnam recently with the intention of investing or expanding operation in the country, according to the Ministry of Industry and Trade.
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.
The Vietnamese Government always rolls out red carpet for US-based Gen X Energy’s high-tech projects which are friendly with the environment, said Deputy Prime Minister Vuong Dinh Hue on September 9.
Foreign investors are diving into developing liquefied natural gas (LNG) and gas-fired power projects in Vietnam, in part due to country’s growing demand for electricity.
Vietnam Electricity (EVN) and the US Trade and Development Agency (USTDA) on May 22 finalised a grant agreement on technical assistance for a liquefied natural gas (LNG) terminal and gas-to-power project in southern Vietnam.
The Vietnam National Petroleum Group (Petrolimex) is planning to invest in a liquefied natural gas (LNG) project in the south central province of Khanh Hoa.
The Vietnam-US cooperation in gas power and infrastructure development in the liquefied natural gas (LNG) sector was the focus of a seminar in Ho Chi Minh City on December 6.
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