Vietnam to import liquefied natural gas in 2012

Vietnam will have to import liquefied natural gas (LNG) from 2012 with about one million tonnes each year to meet the country’s demands for gas.
Vietnam will have to import liquefied natural gas (LNG) from 2012with about one million tonnes each year to meet the country’s demandsfor gas.

The forecast was made by the VietnamNational Oil and Gas Group (PetroVietnam) after analysing the balance ofVietnam ’s gas supply and demand during the 2011-2015 period. Thestatistics showed that in the reviewed period the country will be shortof 1.4 billion cubic metres of gas, an equivalent to one million tonnesof LNG.

Currently, PetroVietnam Gas Corporation (PV Gas) is investing 500 million USD in a project on LNG import.

The corporation is preparing for the construction and operation of awarehouse, which will receive and distribute LNG at Thi Vai port, in thesouthern province of Ba Ria - Vung Tau.

With an annual capacity of one million tonnes of LNG, the warehouse is scheduled to be put into operation in 2013.

PV Gas is also selecting sites to build more LNG storage facilities with an annual capacity of three million tonnes by 2015./.

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