Gazprom, Petrovietnam Discuss Gas Projects
Gazprom and Petrovietnam discussed gas related issues in Moscow July 4 during a meeting between Gazprom chairman Alexey Miller and Tran Sy Thanh, chairman of the board of directors of Petrovietnam.
The parties discussed a wide range of joint efforts, including geological exploration and hydrocarbon production in Vietnam, as well as the prospects of joint projects in gas-fired power generation, the use of gas as a vehicle fuel, and staff training, Gazprom said the same day.
According to Gazprom, Moc Tinh and Hai Thach fields in Vietnam were expected to produce 2bn m3 of natural gas in 2018. Since 2013, Gazprom and PetroVietnam have been engaged in commercial gas and condensate production from the two offshore fields.
The two companies also reviewed the progress of the joint project for the construction of a small-scale LNG production complex, which would produce LNG for the natural gas vehicle market, and a network of CNG filling stations. Marketing studies and a feasibility report have been completed for the project, Gazprom added.
In 2015, Pvgazprom Natural Gas for Vehicles, a joint Russian-Vietnamese company focused on the use of natural gas as a vehicle fuel, was registered. The joint venture consists of Gazprom EP International (35.5%), Gazprom Gazomotornoye Toplivo (35.5%), and Petrovietnam Gas (29%).
(Banner image courtesy Gazprom)