PetroVietnam Gas to supply LNG to EVN

PetroVietnam Gas, a unit of state-owned PetroVietnam, has signed a deal to supply liquefied natural gas (LNG) to Vietnam’s power utility EVN.

According to a statement by PV Gas, the operator of the Thi Vai LNG terminal signed a deal with EVN on March 29 to supply the latter with nearly 70,000 tons of LNG.

This deal follows a government directive dated February 14 on ensuring electricity supply, and a sufficient amount of coal and gas for power generation.

It will also support EVN during the peak dry season of 2024, PV Gas said.

“The urgency of supplementing imported LNG for power generation clearly demonstrates the role and commitment of PV GAS in ensuring national energy security,” it said.

PV Gas said that the LNG volumes will be supplied to the Phu My 3 thermal power plant during April-May, making up for about 500 million kWh to the power system.

The company said that the 145,700-cbm LNG carrier, Al Jassasiya, will deliver on Thursday about 70,000 tons of LNG from Qatar’s giant LNG complex in Ras Laffan to its Thi Vai LNG terminal in Vietnam.

Last month, PetroVietnam Gas signed a deal with QatarEnergy LNG, previously known as Qatargas, to buy 70,000 tons of LNG for delivery on April 12-13.

The shipment is the first for the Thi Vai LNG terminal this year.

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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