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Vietnamese, Japanese firms cooperate in LNG & Gas research

A memorandum of understanding (MoU) on cooperation in researching in the field of liquefied natural gas (LNG) and gas in Vietnam was signed between the Vietnam National Petroleum Group (Petrolimex) and the JXTG Tsutomu Sugimori Group of Japan in Hanoi on July 1.
Vietnamese, Japanese firms cooperate in LNG & Gas research ảnh 1Chairman of Petrolimex Pham Van Thanh (L) and CEO of JCCP at the signing ceremony (Source: VNA)

Tokyo (VNA) - A memorandum of understanding (MoU) on cooperation inresearching in the field of liquefied naturalgas  (LNG) and gas in Vietnam was signed between the Vietnam National Petroleum Group (Petrolimex) and the JXTG Tsutomu Sugimori Group of Japan in Hanoi on July 1.

The signing was carried out in the framework of Vietnam-Japan investmentpromotion and business connection conference, jointly held by the Ministry ofPlanning and Investment and the Japan External Trade Organisation(JETRO) onthe occasion of Prime Minister Nguyen Xuan Phuc’s participation in the 14th G20 Summit in Japan.

TheJapanese group is currently a strategic shareholder and holds 8 percent of stakein Petrolimex.

TheMoU is a foundation for the two sides to work together to develop a detailedreport on LNG and gas in Vietnam, serving an upcoming LNG project ofPetrolimex.

In the coming time, Petrolimex will focus on building LNG import port in centralKhanh Hoa province.

Previously, Petrolimex also signed an MoU with the Electricity of Vietnam (EVN)on cooperation in developing clean energy. Accordingly, Petrolimex will supplyLNG to power plants built by the EVN in Khanh Hoa.

Onthis occasion, Petrolimex and the Japan Cooperation Centre Petroleum (JCCP) alsoinked an MoU, which is considered as a significant step in the bilateralcooperation that has been built up by Petrolimex and the JCCP since 2011.

The cooperation focuses on human resources development and technical andtechnology cooperation in the medium- and down-stream oil and gas industry, aswell as in other relevant fields, to meet the demand of real development andnew energy trends.

Through the MoUs, the parties will continue to strengthen sustainable strategicpartnership for common development goals, contributing to bolstering the finefriendship and solidarity between Vietnam and Japan.-VNA
VNA
#MoU #cooperation #LNG #Petrolimex #Gas #JXTG Tsutomu Sugimori Group #Japan #JETRO #Prime Minister Nguyen Xuan Phuc #strategic shareholder #LNG project #EVN #human resources #Vietnamplus #Vietnam News #Vietnam News Agency Japan Vietnam
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