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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Phu My Fertilizer estimates $12 mln in Q1 pre-tax profit
Petrovietnam Fertilizer and Chemicals Corporation (Phu My Fertilizer) expects to earn VND3.3 trillion ($132 million) in revenue and VND300 billion ($12 million) in pre-tax profit in the first quarter of 2024, exceeding both targets, according to CEO Phan Cong Thanh.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Russia's Zarubezhneft eyes Vietnam offshore wind power projects
Russian oil-gas giant Zarubezhneft is looking to expand its operations in Vietnam to offshore wind power projects, general director Sergey Ivanovich Kudryashov told Prime Minister Pham Minh Chinh Monday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dung Quat refinery set for $1.49 bln expansion to increase output by 16%
Binh Son Refining and Petrochemical JSC (BSR), the operator of Dung Quat oil refinery and a subsidiary of state-owned Petrovietnam, is set to spend VND36,397 billion ($1.49 billion) on expanding the refinery.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Phu My Fertilizer to pay 2023 cash dividends at 20%
Petrovietnam Fertilizer and Chemicals Corporation (Phu My Fertilizer) plans to pay cash dividends at a rate of 20%, equivalent to VND783 billion ($31.32 million), in 2023.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Petrovietnam, subsidiaries ink gas sales deal with Japanese, Thai partners for $12 bln power project
State-run Petrovietnam and its subsidiaries have signed deals with Japanese and Thai partners to buy gas for their long delayed $12 billion power project at Block B-O Mon.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Energy giant Petrovietnam appoints new general director
Board members of state-owned Petrovietnam have appointed Le Ngoc Son the new general director of the group for a five-year term starting Monday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Major Vietnamese firms call for stable exchange rate
Major Vietnamese companies, including energy giant Petrovietnam, real estate developer Sun Group and national carrier Vietnam Airline, have asked the central bank to keep the VND/USD rate stable amidst global financial turbulence.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Danish energy fund CIP, Petrovietnam to cooperate in offshore wind power
Denmark’s Copenhagen Infrastructure Partners (CIP), via its Growth Market Funds, and state-owned Petrovietnam have signed a memorandum of understanding on renewable energy and offshore wind power.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singaporean government to help Petrovietnam unit’s 1.2 GW electricity export project
The Singaporean government will continue backing PTSC, the technical arm of state-owned Petrovietnam, to deploy a project to export 1.2 GW of offshore wind power from Vietnam to Singapore.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Insurer PVI’s CEO appointed Petrovietnam capital representative in Phu My Fertilizer
State-owned Petrovietnam has appointed Nguyen Xuan Hoa, vice chairman and CEO of its insurance arm PVI, as chief of the Party Committee at its another subsidiary - Petrovietnam Fertilizer and Chemicals Corporation (PVFCCo).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Ensure sufficient power supply, energy projects’ progress: PM
Prime Minister Pham Minh Chinh has reiterated instructions that ministries and state-run energy giants ensure coal and gas supply for electricity production as well as progress of key power projects.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Norway willing to help Vietnam with energy transition: ambassador
Norway is willing to help state-owned Petrovietnam with energy transition and offshore wind power, said Norwegian Ambassador to Vietnam Hilde Solbakken.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Petrovietnam, PTSC must establish renewable energy hub in southern Vietnam: Deputy PM
State-owned Petrovietnam and its technical arm PTSC should cooperate with localities to establish a renewable energy hub in the southern region, said Deputy Prime Minister Tran Hong Ha.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam PM renews call for speedier pace on Block B-O Mon gas project
Prime Minister Pham Minh Chinh has again requested state-run oil and gas giant Petrovietnam and related parties to speed up key power projects, including the Block B – O Mon gas-to-power one, to ensure national energy security.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
No more blackouts, PM orders after consumer outcry
Prime Minister Pham Minh Chinh has asked relevant agencies, localities and state-owned utilities to ensure there is no repetition of this year’s early summer blackouts.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Energy giant Petrovietnam CEO promoted to chairman
Le Manh Hung, CEO of state-run Petrovietnam, has been appointed the group's chairman per a prime ministerial decision.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Special mechanisms needed for offshore wind, LNG-to-power projects in Vietnam
Vietnam’s Ministry of Industry and Trade has supported a request from developers of offshore wind power and LNG-to-power projects for special incentives as the country seeks to speed up its energy transition.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s first LNG power plants on track for commercial runs
The under-construction Nhon Trach 3 and Nhon Trach, the first LNG-to-power plants in Vietnam, are set to begin commercial operations on November 15, 2024 and May 15, 2025, respectively.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Proper fertilizer use cuts costs, boosts coffee output in Vietnam Central Highlands
Coffee farmers in the Central Highlands province of Lam Dong have been able to reduce costs by 10-15% and boost yield by 20% with proper use of fertilizers.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Petrovietnam aims to maintain ownership ratio at Ca Mau Fertilizer
State-owned Petrovietnam plans to keep its ownership ratio of 75.56% at its subsidiary Petrovietnam Ca Mau Fertilizer JSC (PVCFC).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam-Japan partnership an ‘outstanding’ success story: association chair
The golden jubilee of constantly strengthening Vietnam-Japan relations marks an “outstanding success story” scripted by Vietnamese diplomacy, says Prof. Nguyen Mai, chairman of the Vietnam's Association of Foreign Invested Enterprises (VAFIE).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Power price hike to benefit energy firms, hurt heavy industries: brokerages
A recent increase in Vietnam’s retail electricity prices will have mixed effects on local firms, with energy generators likely to be the biggest gainers and energy-intensive producers the largest losers, securities analysts have said.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
NPK Phu My fertilizers gain trust among farmers
Providing high quality Phu My NPK fertilizers to farmers and fields is a continuous effort of the sales and market research teams at Petrovietnam Fertilizer and Chemicals Corporation (PVFCCo), a subsidiary of state-owned oil and gas group Petrovietnam.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam should speed up implementation of new power plan, offshore wind projects: Equinor
Petrovietnam and Equinor, two state-owned oil-gas firms of Vietnam and Norway, have signed an agreement on clean energy, extending their cooperation to hydrogen, ammonia, carbon capture and storage. On the occasion, The Investor talks to Jacques-Etienne Michel, country managing director and country representative Equinor Vietnam, on Norway's offshore wind development experiences and the firm's plans in the Southeast Asian country.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
LNG-fired electricity unlikely in 2024: PV Gas
It is unlikely that LNG can be sold to power plants for electricity generation in 2024, “as the mechanism for LNG-fired power remains complicated,” said PV Gas CEO Pham Van Phong.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Petrovietnam, Petronas ink wide-ranging cooperation pact
Petrovietnam and Petronas, national oil companies of Vietnam and Malaysia, respectively, have signed a memorandum of cooperation (MoC) in renewable energy, gas, upstream and downstream sectors.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Petrovietnam, Norway's Equinor extend cooperation to hydrogen, ammonia, carbon storage
State-owned Petrovietnam and Norway’s Equinor have signed an agreement on clean energy, extending their cooperation to hydrogen, ammonia, carbon capture and storage.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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