PV Gas subsidiary feeds LNG to Korean chaebol HS Hyosung in central Vietnam

CNG Vietnam JSC (PV Gas CNG), a subsidiary of PV Gas, has officially commenced the initial phase of liquefied natural gas (LNG) delivery to HS Hyosung Quang Nam under South Korean chaebol HS Hyosung in central Vietnam.

In March, PV Gas CNG broke ground on the LNG supply station for HS Hyosung Quang Nam, wrapping up construction just a month later.

The modern, internationally certified facility began its initial phase with a capacity of 3,000 Sm³/h, featuring large storage tanks, an advanced regasification system, and state-of-the-art safety control equipment.

PV Gas CNG’s professional technical team has guaranteed continuous operation and a stable gas supply, meeting strict safety and quality standards.

PV Gas, a unit of state-run Petrovietnam, said the supply marks not only a strategic step forward for PV Gas CNG in the central region but also reinforces the company’s growing role in Vietnam’s gas industry.

HS Hyosung is a multi-sector corporation and one of the 30 largest economic groups in South Korea. The company leads in the research, development and production of advanced materials, including automobile tire fibers, high-tech fibers, and carbon fibers. It also specializes in luxury car segment customer service, global logistics, AI research, and big data centers, among other areas.

It began investment in Quang Nam in 2018, committing to the establishment of an industrial complex worth $1.34 billion. To date, HS Hyosung Quang Nam has operated two projects focused on curtain fabric and airbag fabric production, with total investment capital of $452 million. These projects generate an annual revenue of approximately $200 million, with expectations to grow to $250 million this year.

The group plans to invest in a furniture factory in Quang Nam in 2025, which will supply car interior products and commercial carpets. The $110 million factory is scheduled to begin operations in the second quarter of 2026.

In addition to Quang Nam, HS Hyosung has invested in several key projects in Dong Nai and Ba Ria-Vung Tau in southern Vietnam, and Bac Ninh in the north. To date, the group has poured around $4.6 billion into the Southeast Asian nation, generating some 10,000 jobs.

As part of its sustainable development strategy, HS Hyosung Quang Nam has decided to use LNG to cut operating costs, boost profit margins, and reduce CO₂ emissions.

Meanwhile, PV Gas CNG plays a pioneering role in supplying compressed natural gas (CNG) and LNG beyond pipeline systems, operating a nationwide distribution network. The company currently supplies gas to more than 200 businesses.