The Ministry of Industry and Trade of Vietnam has certified that PetroVietnam Gas (PV Gas) is eligible to be an LNG importer and exporter, making the company the first in the country to be recognised as such.
PV Gas informed it is prepared for LNG import, export and trading, with its LNG Thi Vai terminal ready to be put into use this year.
The Thi Vai facility, located in Vietnam’s Ba Ria-Vung Tau province, is estimated to offer a capacity of 1 million tonnes of LNG/year in phase 1, with an expected increase to 3 million tonnes in phase 2.
PV Gas said the LNG import port, expected to be put in operation this year, is capable of receiving LNG ships with a tonnage of up to 100,000 DWT, adding that the LNG export station by tank truck will be completed at the same time as the trial run of Thi Vai LNG storage. The company pointed out that the project is gaining ground in other areas as well.
To note, PV Gas is a member of the Vietnam Oil and Gas Group (PVN), with the main activities such as storing, transporting, importing and distributing gas products, including natural gas (NG), liquefied petroleum gas (LPG), compressed natural gas (CNG) and liquefied natural gas (LNG).