PetroVietnam Gas seeks spot LNG cargoes

PetroVietnam Gas, a unit of state-owned PetroVietnam, has released a tender inviting firms to submit bids for 1-2 spot LNG cargoes for delivery to the Thi Vai LNG import terminal, the country’s first such facility.

According to a tender document posted on the company’s website, the delivery window for the first spot LNG cargo is April 1-20.

The delivery window for the second cargo will be determined later.

PetroVietnam Gas said the tender closes on February 29 at 9:00 am Vietnam time.

The company officially launched its Thi Vai LNG terminal on October 29 after nearly 4 years of construction and commissioning.

South Korea’s Samsung C&T and PTSC, a unit of PetroVietnam 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 Thi Vai LNG import facility consists of one 180,000-cbm LNG tank, a jetty, and regas area.

The terminal has a capacity of 1 mtpa in its first phase, but PetroVietnam Gas plans to boost the capacity to 3 mtpa in the next stage.

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