2023-10-16 08:31:25
In recent days, many world energy experts have commented that Vietnam is on track to become a “big player” in the global LNG market, despite predictions and doubts due to price barriers. as well as the ability to sign long-term sales contracts.
Energy giant Shell also said it has witnessed “tremendous growth” in the LNG market in the past 2 months and emphasized that three countries are the main drivers for this growth, including Vietnam. Male. Meanwhile, Russian news agency Sputnik also said that Vietnam is becoming a fertile and potential market for gas suppliers. Currently, at least two large corporations, including NOVATEK and ExxonMobil, have worked with PV GAS to seek opportunities to supply LNG to Vietnam.
| The first LNG train has made Vietnam the hottest name in the global LNG market. |
Worth mentioning, in the process of becoming a major LNG importer, Vietnam’s growing demand for liquefied gas may become a factor that drives or strengthens the price structure of LNG in different time frames.
Specifically, in the short term, Vietnam’s immediate focus on LNG partly reflects the significantly increasing demand for this gas globally. It is expected that by 2030, LNG will account for a significant part of Vietnam’s energy program and this change might push up LNG prices.
It can be seen that Vietnam is being highly appreciated and can even make many changes, or in other words, “stir up” the world LNG market.
These comments originate from the National Electricity Development Plan for the period 2021 – 2030, vision to 2050 (Power Plan VIII) and especially from PV GAS’s move to import the first historic LNG shipment. .
Accordingly, Power Plan VIII has determined that renewable gas thermal power sources from LNG (or “LNG gas” for short) account for more than 14.9% of the total capacity of the entire national power generation system by 2030. and is one of the sources that helps ensure sufficient, stable and safe supply of the national electricity system.
Deeply aware of the role and importance of LNG, PV GAS has pioneered the import of LNG, contributing to ensuring the country’s energy security as well as promoting the development of domestic industries. The first historic LNG train to dock at Thi Vai, resonating throughout the world energy market, is a clear demonstration of PV GAS’s impressive capacity with its position as the leading mainstream enterprise of Vietnam’s gas industry. .
In the near future, PV GAS continues to stand before a historic milestone: The inauguration of a key national project – Thi Vai 1 million ton LNG Warehouse. Thi Vai LNG Terminal System has been confirmed to fully meet domestic and international standards and regulations, as well as operational and maritime safety requirements; Highly appreciated for its detail, feasibility and rigor between operational stages. Thi Vai LNG Warehouse will supplement the gas supply for customers in the Southeast region and partially compensate for the domestic gas shortage from 2024 onwards.
In addition to investing in the construction of LNG Warehouse 1 MMTPA Thi Vai, PV GAS is also investing in the construction of Son My LNG import warehouse with a total expected capacity of up to 10 million tons of LNG/year when completed. PV GAS’s LNG infrastructure will basically meet the energy needs of the Southern region in the future.
PV GAS is making efforts to gradually realize a series of strategic plans including: MMTPA Thi Vai LNG Warehouse 1, Son My LNG Terminal project and similar LNG terminal projects in the North. With systematic investment, this series of LNG terminal projects is expected to help PV GAS demonstrate its ability to respond to the market, be a lever to achieve its goals, and help Vietnam make its mark on the regional market. and the world.
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