PetroVietnam Gas, a unit of state-owned PetroVietnam, has started supplying liquefied natural gas via trucks from its Thi Vai LNG import terminal to industrial customers.
On March 15, 2024, PV Gas officially started supplying LNG for industrial customers with the first fleets of LNG trailers, originating from the Thi Vai LNG truck loading station (Vung Tau) to PV GAS CNG’s LNG satellite station in Thuan Dao (Long An), the firm said in a statement.
The first LNG fleets from the Thi Vai terminal arrived at PV Gas CNG’s LNG satellite station with a capacity of 100 cbm.
Following this, PV Gas CNG will supply LNG to its existing customers currently using CNG such as Oechsler Motion, Nam Hung Steel, Petfood Evolution, Asia Steel, etc, it said.
LNG Prime previously reported that PV Gas will launch its LNG trucking business on March 15.
PV Gas said this marks a “significant milestone”, heralding the introduction of its optimal energy solutions package, integrating the LPG/CNG/LNG business model, offering customers with “diverse, flexible, and stable product choices at competitive prices.”
In May 2023, Vietnam Ministry of Industry and Trade licensed PV Gas to import and export LNG.
The company’s unit CNG Vietnam (PV Gas CNG) commissioned in August 2023 the Thuan Dao LNG satellite station.
According to PV Gas, the unit holds over 70 percent market share and possesses a complete transportation and distribution infrastructure nationwide.
With 16 years of development, PV GAS CNG has distributed its offerings to more than 200 leading domestic enterprises such as Hoa Phat, Ton Dong A, Vinamilk, and Viglacera, it said.
PV Gas officially launched its Thi Vai LNG terminal, Vietnam’s first LNG import facility, on October 29, 2023 after nearly 4 years of construction and commissioning.
South Korea’s Samsung C&T and PTSC, a unit of PV Gas, built the Thi Vai LNG terminal in the coastal area southeast of Ho Chi Minh City.
In July 2023, LNG giant Shell delivered the commissioning LNG cargo to the terminal from Indonesia’s Bontang LNG plant.
The import facility consists of one 180,000-cbm LNG tank, a jetty, and regas area.
It has a capacity of 1 mtpa in its first phase, but PV Gas plans to boost the capacity to 3 mtpa in the next stage.
PV Gas said the second phase is scheduled to start operations in 2026.
Besides this facility, the company and US energy firm AES previously received the investment policy approval for their planned $1.4 billion Son My LNG import terminal in Vietnam.
The terminal will have a capacity of about 3.6 mtpa of LNG in the first phase.
In addition to LNG terminal projects, PV Gas “will establish agreements with LNG giants worldwide to ensure stable and competitive supply for the domestic market,” the firm said.