PV Gas sees Q1 net profit go down 26% to $99 mln

PV Gas sees Q1 net profit go down 26% to $99 mln

PV Gas, Vietnam’s largest dry gas and LPG supplier, earned consolidated net profits of VND2,511.66 billion ($98.96 million) in Q1/2024, down 26.5% year-on-year.

Companies - Thu, May 2, 2024 | 3:38 pm

PV Gas takes delivery of third LNG batch to meet rising power demand

PV Gas takes delivery of third LNG batch to meet rising power demand

PV Gas, the gas production arm of state-owned Petrovietnam, has taken delivery of its third batch of liquefied natural gas (LNG) to meet demand for power generation as the country battles to cope with a prolonged heat wave.

Energy - Thu, May 2, 2024 | 10:52 am

Petrovietnam Gas aims to supply $2 bln LNG power plant in northern Vietnam

Petrovietnam Gas aims to supply $2 bln LNG power plant in northern Vietnam

PV Gas, a subsidiary of state-owned Petrovietnam, aims to supply LNG to the $2-billion Thai Binh LNG-to-power plant project in the northern province of Thai Binh, the firm told provincial authorities on Tuesday.

Energy - Wed, April 17, 2024 | 3:17 pm

PV Gas receives second LNG delivery for power generation

PV Gas receives second LNG delivery for power generation

PV Gas, a subsidiary of state-owned Petrovietnam, received its second load of 70,000 tons of liquefied natural gas (LNG) at its port in Vietnam’s southern province of Ba Ria-Vung Tau on Thursday.

Energy - Fri, April 12, 2024 | 4:03 pm

PV Gas to supply LNG for power production

PV Gas to supply LNG for power production

PV Gas, a subsidiary of state-owned Petrovietnam, is set to supply 70,000 tons of LNG to state utility Vietnam Electricity (EVN) for power production, starting mid-April, PV Gas said Tuesday.

Energy - Thu, April 11, 2024 | 3:43 pm

Petrovietnam Gas to receive 70,000 tons of LNG from QatarEnergy LNG next month

Petrovietnam Gas to receive 70,000 tons of LNG from QatarEnergy LNG next month

QatarEnergy LNG, the biggest LNG producer in the world, is set to deliver 70,000 tons of LNG to Petrovietnam Gas (PV Gas), a subsidiary of state-owned oil-gas group Petrovietnam, on April 12-13.

Energy - Fri, March 29, 2024 | 9:50 pm

PV Gas, PV Power join hands to build LNG port, power plant

PV Gas, PV Power join hands to build LNG port, power plant

PV Gas and PV Power, subsidiaries of state-run energy giant Petrovietnam, have discussed joining hands to build a liquefied natural gas (LNG) port and LNG-fired power plant in central Vietnam.

Energy - Tue, March 5, 2024 | 4:26 pm

Thailand’s Gulf Energy eyes 6,000 MW LNG-fired power plant in northern Vietnam

Thailand’s Gulf Energy eyes 6,000 MW LNG-fired power plant in northern Vietnam

Thailand’s Gulf Energy has again shown interest in building an LNG-fired power plant in Vietnam’s northern province of Nam Dinh with a capacity of up to 6,000 megawatts to feed the country’s energy hunger.

Energy - Mon, March 4, 2024 | 10:19 am

PV Gas eyes LNG hub in northern Vietnam

PV Gas eyes LNG hub in northern Vietnam

PV Gas, the gas arm of state-run energy giant Petrovietnam, plans to develop a liquefied natural gas (LNG) hub in the northern province of Nam Dinh with a supply radius of 200 kilometers.

Energy - Tue, February 6, 2024 | 3:22 pm

Singapore’s Jadestone Energy inks gas sales deal with Petrovietnam and its subsidiary

Singapore’s Jadestone Energy inks gas sales deal with Petrovietnam and its subsidiary

Singapore-headquartered Jadestone Energy, Vietnam’s state-run Petrovietnam and its subsidiary PV Gas have signed a Heads of Agreement (HoA) for gas sales from Nam Du-U Minh gas field.

Energy - Fri, January 26, 2024 | 2:51 pm

Offshore wind, LNG-fired power projects unlikely to become operational before 2030: official

Offshore wind, LNG-fired power projects unlikely to become operational before 2030: official

It is unlikely that offshore wind power and LNG-fired power projects become operational before 2030, said Hoang Tien Dung, head of the Electricity & Renewable Energy Authority.

Energy - Tue, December 26, 2023 | 4:31 pm

Fitch upgrades ratings of Petrovietnam, Vietnam Electricty, subsidiaries to ‘BB+’

Fitch upgrades ratings of Petrovietnam, Vietnam Electricty, subsidiaries to ‘BB+’

Fitch Ratings has upgraded the Long-Term Issuer Default Ratings (IDRs) of state-owned oil-gas group Petrovietnam, state utility Vietnam Electricity (EVN), and subsidiaries of the two power giants to “BB+” with a “Stable” outlook.

Companies - Thu, December 14, 2023 | 10:38 am

PV Gas pays cash dividends of 30-40%

PV Gas pays cash dividends of 30-40%

PV Gas, a subsidiary of state-owned Petrovietnam, has emerged as a bright spot amid the economic gloom, having accumulated nearly VND40 trillion ($1.65 billion) as of September 30 and paying regular cash dividends of 30-40% each year.

Companies - Wed, November 1, 2023 | 10:18 am

PV Coating strives to complete pipe contract for Vietsovpetro oil field project

PV Coating strives to complete pipe contract for Vietsovpetro oil field project

PV Coating, a subsidiary of state-owned Petrovietnam’s PV Gas, launched an emulation movement on October 26 to complete a pipe coating service contract for the Kinh Ngu Trang-Kinh Ngu Trang Nam field project invested by Vietnam-Russia joint venture Vietsovpetro.

Companies - Thu, November 2, 2023 | 11:14 am