PV GAS Embraces Green Transition with LNG and Zero-Emission Gases in Vietnam
Key Ideas
  • PV GAS prioritizes green transition with LNG as a key product to align with global energy shift trends.
  • Thi Vai LNG Terminal manages LNG supply chain for steady gas supply as domestic production declines and demand rises.
  • PV GAS explores green hydrogen and ammonia while aiming to expand LNG infrastructure capacity to 15 million tonnes per year.
  • Recent milestone includes successful LNG transportation from the South to the North by train, supporting Vietnam's net-zero goals.
PV GAS in Vietnam is strategically focusing on the green transition amidst declining domestic gas resources. The company is prioritizing liquefied natural gas (LNG) as a key product to stay in line with global energy transition trends. Managing the Thi Vai LNG Terminal, PV GAS ensures the seamless operation of the LNG supply chain, including reception, storage, and distribution. This terminal plays a crucial role in ensuring a steady gas supply for electricity generation, especially during times of increasing demand and decreasing domestic gas production. Recognizing the challenges in sourcing new gas reserves, PV GAS is looking towards LNG trade as a significant growth driver. Additionally, the company is delving into innovative solutions such as green hydrogen and ammonia to meet its sustainability goals in collaboration with PetroVietnam. PV GAS plans to enhance its LNG infrastructure capacity to 15 million tonnes per year through the expansion of the Thi Vai Terminal and the construction of the Son My Terminal and two new central LNG terminals. A recent achievement includes the successful transportation of LNG from the southern region to the North via train, showcasing the company's commitment to a diverse gas supply chain and flexible transport options in support of green energy initiatives and Vietnam’s net-zero objectives from COP26.
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