PV Gas supplies rail-transported LNG to first customer in northern Vietnam

By Minh Hue
Sat, September 14, 2024 | 3:26 pm GMT+7

Vietnam CNG JSC (PV Gas CNG), a subsidiary of PV Gas, has completed the delivery of liquefied natural gas (LNG) transported by rail from the south to its first customer in northern Vietnam.

The delivery was made to the Catalan brick plant in Dong Tho commune, Yen Phong district, Bac Ninh province.

The first use of LNG in the country's northern region was made possible by PV Gas’s successful transport of LNG from the south to the north by rail, implementing the company's core strategy of integrating energy products nationwide, said a company release.

As the primary LNG retailer across the country, PV Gas CNG has demonstrated significant advancement in the fuel’s supply chain, underscoring its commitment to providing comprehensive clean energy solutions and contributing to the development of a green industry in Vietnam, it added.

Northern Vietnam's first LNG station becomes operational at Catalan brick plant in Bac Ninh province, northern Vietnam. Photo courtesy of PV Gas.

Northern Vietnam's first LNG station becomes operational at Catalan brick plant in Bac Ninh province, northern Vietnam. Photo courtesy of PV Gas.

Catalan JSC is a leading ceramic tile manufacturer in Vietnam that has established a strong position in the building materials industry, particularly in high-quality ceramic tile production, over nearly two decades.

Its products are available in all provinces and cities across Vietnam and are exported to the U.K., Germany, Australia, Taiwan, the UAE and several Middle Eastern countries.

To ensure safe and effective use of LNG by the brick plant, PV Gas CNG has paid special attention to the LNG station at the site.

“The station meets the highest technical standards, with modern infrastructure to ensure a smooth and uninterrupted process for receiving, storing and converting LNG for production,” the release said.

The company noted it has invested in large-capacity LNG storage tanks combined with re-gasification equipment and advanced safety control systems. The installation of the LNG station was carried out by experienced engineers and experts, strictly adhering to safety and environmental protection regulations, it added.

PV Gas CNG completes LNG delivery for its first customer in northern Vietnam, September 2024. Photo courtesy of PV Gas.

PV Gas CNG completes LNG delivery for its first customer in northern Vietnam, September 2024. Photo courtesy of PV Gas.

The use of LNG will not only help Catalan enhance production efficiency, particularly for its high-quality ceramic tiles, but also enable it to optimize costs and ensure operational safety.

LNG use will help the company reduce CO2 emissions, aligning its operations with the net-zero goal pledged by Prime Minister Pham Minh Chinh at COP26 in Glasgow in 2021.

The fuel shift will also be a key factor in helping Catalan enter demanding global markets.

The delivery to its first customer marks the successful beginning of PV Gas's LNG supply plan for the northern market, with plans to expand its customer base in the final months of 2024. This will further strengthen the company’s LNG supply chain and complete the national energy map.

The company said the successful delivery and installation of the LNG station was also a reaffirmation of its commitment to lead the nation’s competitive energy market in general and the gas industry in particular, promoting overall development of clean and sustainable energy sources.

Comments (0)
  • Read More
New mindset key to resolving institutional bottlenecks, promote growth: economist

New mindset key to resolving institutional bottlenecks, promote growth: economist

Moving from a mindset of control to that of promoting growth is key to clear four institutional bottlenecks in the way of national development, says Dr. Nguyen Dinh Cung, former director of the Central Institute for Economic Management (CIEM).

Opinion - Sun, November 24, 2024 | 3:30 pm GMT+7

Low production costs, tax benefits give Chinese goods price advantage in Vietnam

Low production costs, tax benefits give Chinese goods price advantage in Vietnam

Chinese goods entering Vietnam are often cheaper than local products due to low production costs, taxation benefits and shipping subsidies by manufacturers, says Nguyen Thanh Trung, director of Logistics Technology Solutions Company Limited (LTS).

Companies - Sun, November 24, 2024 | 2:00 pm GMT+7

Thailand’s food trade to top THB700 billion next year

Thailand’s food trade to top THB700 billion next year

The private sector is set to propel Thailand towards becoming a global food hub by 2026, with the value of the nation's food trade expected to surpass THB700 billion ($20 billion) next year.

Southeast Asia - Sun, November 24, 2024 | 10:22 am GMT+7

Indonesia plans to cut coal use to 33% of energy mix

Indonesia plans to cut coal use to 33% of energy mix

The Indonesian Government plans to slash the share of coal-fired power generation in the country’s energy mix to just 33%, while increasing the contribution of renewables to 42% by the end of 2040.

Southeast Asia - Sun, November 24, 2024 | 10:19 am GMT+7

Thai Government approves economic stimulus plan

Thai Government approves economic stimulus plan

The Thai Government’s economic stimulus policy committee led by Prime Minister Paetongtarn Shinawatra has approved a five-point plan to boost national economy in both short-and long-terms, the Government House said on Thursday.

Southeast Asia - Sun, November 24, 2024 | 10:16 am GMT+7

Singapore raises forecast for 2024 economic growth to around 3.5%

Singapore raises forecast for 2024 economic growth to around 3.5%

With economic growth in the third quarter of this year exceeding the projected rate, Singapore has raised its growth forecast for the whole year 2024 to around 3.5%.

Southeast Asia - Sun, November 24, 2024 | 10:14 am GMT+7

British oil giant invests in $7 billion gas project in Indonesia

British oil giant invests in $7 billion gas project in Indonesia

UK oil giant BP announced a joint $7 billion project with its partners to exploit nearly 85 billion cubic meters of gas in Tangguh, West Papua province of Indonesia.

Southeast Asia - Sun, November 24, 2024 | 10:12 am GMT+7

Boom expectant securities firms rush to hike capital base

Boom expectant securities firms rush to hike capital base

Many Vietnamese securities companies are rushing to increase their charter capital, anticipating a promising long-term outlook for the stock market.

Finance - Sun, November 24, 2024 | 10:00 am GMT+7

Vietnam sees October surge in car imports from Japan

Vietnam sees October surge in car imports from Japan

Vietnam saw a sharp rise in car imports from Japan in October, particularly in the segment with nine seats or fewer, according to the General Department of Customs.

Economy - Sun, November 24, 2024 | 9:00 am GMT+7

Vietnam pharma firms optimistic about 2025 prospects despite lingering challenges

Vietnam pharma firms optimistic about 2025 prospects despite lingering challenges

A majority of Vietnamese pharmaceutical firms are optimistic about 2025 market prospects despite challenges facing the healthcare and medicine sectors, according to a survey conducted by Vietnam Report JSC.

Economy - Sun, November 24, 2024 | 8:00 am GMT+7

Vingroup, Chinese firm get greenlight to co-develop Hanoi's 7th bridge over Red River

Vingroup, Chinese firm get greenlight to co-develop Hanoi's 7th bridge over Red River

Vice Chairman of Hanoi Duong Duc Tuan will soon work with Vietnamese conglomerate Vingroup and China Pacific Construction Group on the development of Tu Lien Bridge, the seventh to link the city’s downtown with its suburban districts.

Infrastructure - Sat, November 23, 2024 | 10:56 pm GMT+7

Leading broker Saigon Securities fined over $287,000 for tax violations

Leading broker Saigon Securities fined over $287,000 for tax violations

Saigon Securities, a leading brokerage firm in Vietnam, has been fined over VND7.3 billion ($287,000) for tax violations in 2022 and 2023.

Companies - Sat, November 23, 2024 | 8:59 pm GMT+7

Japanese retailer Aeon to break ground on 4th shopping mall in northern Vietnam

Japanese retailer Aeon to break ground on 4th shopping mall in northern Vietnam

Japan’s Aeon Mall Vietnam will start construction of a VND5.14 trillion ($202.2 million) shopping center project in the northern province of Quang Ninh, home to UNESCO natural heritage site Ha Long Bay, on December 2, according to provincial authorities.

Industries - Sat, November 23, 2024 | 7:45 pm GMT+7

Central Vietnam province targets more projects with Thai investment

Central Vietnam province targets more projects with Thai investment

Binh Dinh province in central Vietnam is looking to attract more Thai investment, so far hosting just 10 projects from the neighboring country worth a little over $106 million.

Companies - Sat, November 23, 2024 | 6:31 pm GMT+7

Southern Vietnam province okays 2 FDI projects totaling $57 mln

Southern Vietnam province okays 2 FDI projects totaling $57 mln

Tay Ninh province on Friday granted investment registration certificates to two foreign projects worth a total of $57 million.

Industries - Sat, November 23, 2024 | 3:30 pm GMT+7

China’s Luxshare-ICT to up workforce in central Vietnam by 7 times

China’s Luxshare-ICT to up workforce in central Vietnam by 7 times

China’s Luxshare-ICT, a supplier of Apple, currently employs 11,600 people in Vietnam’s central province of Nghe An and is set to increase the workforce to 60,000-80,000 soon.

Industries - Sat, November 23, 2024 | 2:00 pm GMT+7