QatarEnergy LNG to supply one cargo to PetroVietnam Gas

QatarEnergy LNG, previously known as Qatargas, will supply one liquefied natural gas cargo in April to the PetroVietnam Gas-operated Thi Vai LNG import terminal in Vietnam following the completion of a recent tender.

PetroVietnam Gas, the unit of state-owned PetroVietnam, said in a statement it has signed a deal with the unit of state-run LNG giant QatarEnergy to buy 70,000 tons of LNG for delivery on April 12-13.

QatarEnergy LNG operates the giant 77 mtpa LNG complex in Ras Laffan which is undergoing a massive expansion.

The shipment, first for the Thi Vai LNG terminal this year, will be used for industrial production needs, ensuring national energy security, PetroVietnam Gas said.

Last month, PetroVietnam Gas issued 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.

PetroVietnam Gas said at the time the delivery window for the first spot LNG cargo is April 1-20 and the delivery window for the second cargo will be determined later.

According to the firm, it received offers from “many reputable LNG suppliers” and chose QatarEnergy LNG to supply the shipment in April.

Thi Vai LNG terminal

PetroVietnam Gas officially launched its Thi Vai LNG terminal in the coastal area southeast of Ho Chi Minh City on October 29 after nearly 4 years of construction and commissioning.

In July 2023, LNG giant Shell delivered the commissioning LNG cargo to the terminal from Indonesia’s Bontang LNG plant.

PetroVietnam Gas also recently started supplying LNG via trucks from its Thi Vai LNG import terminal to industrial customers.

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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