Gazprom and Vietnam have approved a feasibility study for a pilot project for the construction of a low-tonnage LNG plant in Vietnam for using it as a gas engine fuel.
This announcement was made by the Russian company following a meeting between the head of Gazprom Alexey Miller and the General Secretary of the Central Committee of Vietnam’s Communist Party Nguyen Phu Trong.
The project is implemented by the joint company PVGazprom Natural Gas for Vehicles, which includes Gazprom EP International B.V., Gazprom gas engine fuel, and Petrovietnam Gas. The signed document opens the way to the practical implementation of the project, specifies Gazprom.
The parties have also discussed issues of bilateral cooperation, including joint development of Moc Tinh and Hai Thach fields. This is one of the largest gas production projects in Vietnam. In 2017, its share in total natural gas production in the republic accounted for 20.8% (2 billion cubic meters). Since the launch of the project, more than 9 billion cubic meters of gas have been extracted.
As a reference, Petrovietnam is engaged in the exploration, production, processing, transportation, and sale of hydrocarbons. Gazprom and Petrovietnam had previously concluded an agreement on strategic partnership.