PV Gas to supply LNG for industrial production from March 15

The PetroVietnam Gas Joint Stock Corporation (PV Gas) plans to supply liquefied natural gas (LNG) for industrial production following the integrated LPG / CNG / LNG business model from March 15, the corporation announced recently.

LNG has become an important source of fuel for many countries around the world, used by power plants and industrial and urban areas as well as means of transport such as ships, trains, and heavy trucks to reduce environmental damage.

PV Gas officially put the Thi Vai LNG terminal in southern Ba Ria-Vung Tau province into operation last October, with a storage capacity of 180,000 cu m.

The terminal can handle an average of 1 million metric tons of LNG a year.

The corporation plans to kick off construction of the second phase of the Thi Vai terminal to increase its capacity to 3 million tons of LNG a year. This phase is scheduled for operations from 2026.

It also plans to build the Son My LNG terminal in south-central Binh Thuan province and to build terminals in the northern and central regions to ensure supply to the domestic market.