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PetroVietnam announced the investment of 100 trillion Vietnamese dong ($3.8 billion) in a statement on Friday.
Earlier this year, PV Gas announced that it plans to invest over $3 billion in the next five years.
In 2025, PV Gas was assigned 12 projects with planned disbursements of more than 3.3 trillion Vietnamese dong.
Actual disbursements reached 3.4 trillion Vietnamese dong, equivalent to 103 percent of the year’s plan, PetroVietnam said.
PetroVietnam noted that PV Gas is currently implementing major projects such as the expansion project to increase the capacity of the Thi Vai LNG storage facility.
Launched in 2023, Vietnam’s first LNG import facility currently has a capacity of 1 mtpa, and it consists of one 180,000-cbm LNG tank, a jetty, and a regas area.
The expansion will triple the capacity to 3 mtpa.
PV Gas is also working on the Son My LNG import terminal project, LNG terminals in northern and north-central Vietnam, and the PV Gas-Hai Phong LNG port, PetroVietnam said.
In addition, PV Gas is working on the Dinh Co ethane separation project, gas supply projects for the Long An 1 and 2 power plants, and upgrades to the Phu My-Ho Chi Minh city gas pipeline.
Other projects include LNG supply options for Vietnam’s southwest region via floating storage and regasification units (FSRUs), PetroVietnam said.
