Business

Vietnam – US economic ties strengthened with multiple agreements

PetroVietnam Gas Joint Stock Corporation (PetroVietnam PV Gas) signed Memoranda of Understanding with ConocoPhillips, an independent exploration and production company, and Excelerate Energy regarding long-term liquefied natural gas (LNG) purchase agreements.

At a MoU signing ceremony between PV Gas and ConocoPhillips, Excelerate Energy (Photo: VNA)
At a MoU signing ceremony between PV Gas and ConocoPhillips, Excelerate Energy (Photo: VNA)

Hanoi (VNA) - Vietnamese and US businesses on March 13 signed various economic and trade cooperation agreements as part of Special Envoy of the Prime Minister, Minister of Industry and Trade Nguyen Hong Dien’s working trip to the American country.

PetroVietnam Gas Joint Stock Corporation (PetroVietnam PV Gas) signed Memoranda of Understanding with ConocoPhillips, an independent exploration and production company, and Excelerate Energy regarding long-term liquefied natural gas (LNG) purchase agreements.

Binh Son Refining and Petrochemical Joint Stock Company (BSR) established a contract with Kellogg Brown & Root Services, Inc. (KBR) for pre-feasibility studies on sustainable aviation fuel.

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At a MoU signing ceremony between PVPower and GE Vernova (Photo: VNA)

PetroVietnam Power Corporation (PVPower) and GE Vernova signed a Memorandum of Understanding on the procurement of equipment and services for gas-fired power plants developed by PVPower.

Meanwhile, the Vietnam National Petroleum Group (Petrolimex) inked MoUs with three leading US ethanol associations, namely US Grains Council, Renewable Fuels Association, and Growth Energy on ethanol supply. It also secured an MoU with Marquis Energy to facilitate biofuel transactions and imports. The agreements are significant as Vietnam is pushing its timeline for biofuel use.

Masan Group signed a letter of intent with the US International Development Finance Corporation (DFC) regarding financial support for deep mineral processing collaboration./.

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#Minister of Industry and Trade Nguyen Hong Dien #PetroVietnam Gas Joint Stock Corporation United States Vietnam
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