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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

LNG-fired electricity unlikely in 2024: PV Gas

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

PV Gas inaugurates Vietnam’s first LNG terminal

PV Gas inaugurates Vietnam’s first LNG terminal

PV Gas has inaugurated its $300-million LNG Thi Vai terminal with an annual capacity of one million tons, the first and biggest such facility in Vietnam.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam collects less corporate income tax in 2022 from top 1,000 firms

Vietnam collects less corporate income tax in 2022 from top 1,000 firms

Corporate income tax (CIT) paid by the 1,000 biggest taxpayers in Vietnam in 2022 fell 14.9% from that in 2021, the General Department of Taxation has said.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

PV Gas to inaugurate LNG terminal in southern Vietnam this month

PV Gas to inaugurate LNG terminal in southern Vietnam this month

Petrovietnam Gas will inaugurate and begin operating its LNG Thi Vai terminal, the first and biggest one of its kind in Vietnam, later this month after nearly four years of construction.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

PV Gas to issue new shares, raise charter capital to $950 mln

PV Gas to issue new shares, raise charter capital to $950 mln

Leading Vietnamese gas supplier PV Gas plans to issue nearly 383 million shares and raise its charter capital from VND19.14 trillion ($792 million) to VND22.96 trillion ($950 million).

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Binh Thuan province certifies investors in LNG-to-power projects

Binh Thuan province certifies investors in LNG-to-power projects

Binh Thuan authorities granted investment certificates to six investors in four projects within the LNG-to-power chain in the south-central Vietnam province on Friday.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

PV Gas Trading’s labor union makes non-stop progress for workers

PV Gas Trading’s labor union makes non-stop progress for workers

The labor union of PV Gas Trading, a member of leading Vietnamese gas supplier PV Gas, has come of age in the 2018-2023 term with more contributions to the PV Gas trading arm.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

AES, PV Gas receive investment policy approval for LNG terminal project in central Vietnam

AES, PV Gas receive investment policy approval for LNG terminal project in central Vietnam

A joint venture between American energy firm AES Corporation and Petrovietnam subsidiary PV Gas was granted investment policy approval for its $1.4 billion Son My LNG Terminal project by authorities in Binh Thuan province on Tuesday.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam receives first LNG cargo, prepares terminal test run

Vietnam receives first LNG cargo, prepares terminal test run

Vietnam's first cargo of liquefied natural gas (LNG) was pumped into the Thi Vai LNG Terminal Monday, marking a milestone in the country’s clean energy transition.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

PV Gas discusses LNG supplies with American, Russian firms

PV Gas discusses LNG supplies with American, Russian firms

Petrovietnam's subsidiary PV Gas is discussing purchases of liquefied natural gas (LNG) from the U.S.'s ExxonMobil and Russia's Novatek, the latter for the 2023-2026 period.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam set to become Southeast Asia petrochemicals giant

Vietnam set to become Southeast Asia petrochemicals giant

Vietnam is poised to become a regional leader in oil and petrochemical products with new production facilities in the pipeline and the industry attracting billions more in investment.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Suitable approach for LNG-to-power development in Vietnam

Suitable approach for LNG-to-power development in Vietnam

LNG-fired power will account for around 15% of Vietnam’s total electricity supply by 2030, according to the country’s newly-approved power development plan, or PDP VIII.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

PV Gas to receive first LNG carrier for power generation

PV Gas to receive first LNG carrier for power generation

Petrovietnam Gas (PV Gas) will receive next month its first LNG carrier at the LNG Thi Vai terminal in Ba Ria-Vung Tau province for trial power generation of power plants in the southeastern region.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

PV Gas to supply Thai group’s $5.4 bln Vietnam petrochemical complex

PV Gas to supply Thai group’s $5.4 bln Vietnam petrochemical complex

Leading Vietnamese gas supplier PV Gas will jointly supply materials for the $5.4 billion Long Son Petrochemicals Complex, invested by Thailand's The Siam Cement Group (SCG) in the southern province of Ba Ria-Vung Tau.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

PV Gas named among most prestigious, efficient public companies in 2023

PV Gas named among most prestigious, efficient public companies in 2023

Leading Vietnamese gas supplier PV Gas has been ranked 20th among the top 50 most prestigious and efficient public companies in Vietnam in 2023 by Vietnam Report JSC, a leading local ranking and research company.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

PV Gas successfully organizes AGM, strengthens leadership

PV Gas successfully organizes AGM, strengthens leadership

Vietnamese leading gas corporation PV Gas has successfully organized its 2023 annual general meeting, finalizing the heavyweight’s business plans for the year and further fortifying its leadership.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

PV Gas granted Vietnam’s first license to import, export LNG

PV Gas granted Vietnam’s first license to import, export LNG

Petrovietnam Gas JSC has received the first license in Vietnam from the Ministry of Industry and Trade to import and export liquefied natural gas (LNG), the subsidiary of state-owned Petrovietnam announced on Monday.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Petrovietnam tech arm PTSC becomes EPC contractor of Thi Vai LPG tank project

Petrovietnam tech arm PTSC becomes EPC contractor of Thi Vai LPG tank project

Petrovietnam Technical Services Corp (PTSC) has been appointed the engineering, procurement and construction (EPC) contractor for PV Gas's Thi Vai liquefied petroleum gas (LPG) tank project.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

PV GAS reaps $564 mln profit, a record high

PV GAS reaps $564 mln profit, a record high

PV GAS, a subsidiary of state-run Petrovietnam, reported after-tax profits of over VND13.3 trillion ($564 million) in 2022, up 51% year-on-year and nearly doubling its year target.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

PV GAS expects to reap $4.2 bln revenue this year

PV GAS expects to reap $4.2 bln revenue this year

PV GAS, a subsidiary of state-run Petrovietnam, expects a revenue of VND100,000 billion ($4.2 billion) this year, a record high since 2015.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

PV GAS to sell entire PV PIPE stake

PV GAS to sell entire PV PIPE stake

PetroVietnam Gas Joint Stock Corporation (PV GAS) plans to organise an auction on August 30 for its entire stake in PetroVietnam Steel Pipe Joint Stock Company (PV PIPE).

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

PV Gas, Hagio Machinery consider LPG cylinder plant in Vietnam

PV Gas, Hagio Machinery consider LPG cylinder plant in Vietnam

PV Gas and subsidiary PV Gas LPG are considering a proposal from Japan's Hagio Machinery to develop a highly-automated LPG cylinder factory that will supply both domestic and overseas markets.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

LPG filling station launched in oil, gas province

LPG filling station launched in oil, gas province

PV Gas, a Petrovietnam subsidiary, has opened a liquefied petroleum gas (LPG) filling and distribution station in Ba Ria-Vung Tau province, dubbed Vietnam’s oil and gas exploration hub.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

PV Gas profit hits $296 mln in 6 months on soaring oil price

PV Gas profit hits $296 mln in 6 months on soaring oil price

Petrovietnam Gas JSC, a subsidiary of the state-run Petrovietnam, recorded an after-tax profit of $6,919 billion ($296 million) in the first six months of the year, up 87% compared to the target and 59% year-on-year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

American firms gear up for Vietnam energy projects

American firms gear up for Vietnam energy projects

Big U.S-backed energy projects are gathering pace in Vietnam, an energy-thirsty economy eyeing a net-zero goal by 2050.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

AES, PV Gas get investment certificate for $1.4 bln LNG terminal in Vietnam

AES, PV Gas get investment certificate for $1.4 bln LNG terminal in Vietnam

American corporation AES and Vietnam's PV Gas on Wednesday received an investment registration certificate for their $1.4 bln LNG terminal project in Binh Thuan province.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Foreign firms seek Petrovietnam partnership in offshore wind projects

Foreign firms seek Petrovietnam partnership in offshore wind projects

A string of foreign companies seeks to collaborate with the state-run Petrovietnam on offshore wind power projects in the country.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7