Russian giant Gazprom is eyeing the construction of a small-scale liquefied natural gas production complex as well as LNG supplies to Vietnam.
This was discussed during a meeting between Gazprom’s head Alexey Miller and Nguyen Vu Truong Son, CEO and chairman of PetroVietnam.
A feasibility study for the project is underway, Gazprom said in a statement, adding that it would also include a CNG filling network in southern Vietnam.
The parties noted that the project would contribute to the proliferation of vehicles powered by natural gas.
“We are also exploring new avenues for cooperation. One of them is gas-fired power generation. In that connection, we are discussing the prospects for supplying LNG to Vietnam from the Gazprom Group’s portfolio for the purposes of power generation,” said Alexey Miller.
The discussions followed the memorandum of understanding the two companies signed in 2016 on the development of new oil and gas projects and power generation.