Asian countries cooperate to assess potential of shale oil and gas
Asian countries cooperate to assess potential of shale oil and gas resources
An international workshop on the assessment of shale energy in Asia, under the second phase of the unconventional oil and gas resources project, took place in Hanoi on April 23.
Delegates at the workshop (Source: www.baohomnay.com)
Hanoi (VNA) – An international workshop on the assessment ofshale energy in Asia, under the second phase of the unconventional oil and gasresources project, took place in Hanoi on April 23.
The event was jointly held by the CoordinatingCommittee for Geoscience Programmes in East & Southeast Asia (CCOP), the KoreaInstitute of Geoscience and Mineral Resources (KIGAM), and the VietnamPetroleum Institute (VPI).
Dr. Byeong-Kook Son, head of KIGAM’s oil and gasresearch group, introduced the results of the assessment in 13 sedimentarybasins and 21 shale formations in Asia.
He cited the latest update of the shale oil andgas reserves in Asian countries as follows: Malaysia 8.19 trillion cubic feet(TCF) (equivalent to 232 billion cu.m); the Philippines 149.8 TCF (4,242billion cu.m), Vietnam 77 TCF (2,180 billion cu.m), Indonesia 58.12 TCF (1,646billion cu.m), the Republic of Korea 72.5 TCF (2,053 billion cu.m), and Laos 51TCF (1,444 billion cu.m).
Prof. Dr. Azara N.Tucuncu, from the US-based UnconventionalNatural Gas and Oil Institute (UNGI)’s petroleum engineering department, saidthe research and exploitation of non-traditional resources like shale oil andgas require huge costs.
He suggested that the Vietnamese Government put forth specific policies tosupport oil and gas companies, such as the Vietnam Oil and Gas Group(PetroVietnam or PVN).
PVN could also collaborate with foreign partners in the field, he recommended.
According to Dr. Trinh Xuan Cuong, deputydirector of the VPI, his institute is cooperating with domestic and foreignpartners to carry out long-term research programmes on unconventional oil andgas.
The VPI is conducting research on the characteristicsand prospects of gas hydrates in the East Sea, shale oil and gas in sedimentarybasins on the continental shelf of Vietnam, and coal-bed methane in Hanoi,Thanh Hoa-Nghe An, and Tuy Hoa. –VNA
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Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
The PM revealed Vietnam’s plan to develop nuclear power in the near future, and called on the Swedish side to assist Vietnam in developing and refining legal and policy frameworks for the use of nuclear energy for peaceful purposes; training and developing human resources; ensuring nuclear safety; and conducting training and drills to improve incident management capabilities.
More than an art showcase, the second “Technology with heart” contest seeks to inspire innovation and spotlight the humanistic values that technology can bring into daily life, expected to contribute to a sustainable digital future.
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The new centre, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm’s global AI research group.
As a flagship initiative of the community project “Digital Literacy for All”, the programme forms part of a national scheme to equip 20 million young people with digital business skills.
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Ambassador Nguyen Minh Vu laid stress on the significance of the Hanoi Convention, particularly to the Asia – Pacific, to handling legal gaps in international cooperation against rapidly increasing global cybercrime.
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According to the Politburo’s Resolution No. 57-NQ/TW, dated December 22, 2024, on making breakthroughs in the development of science, technology, innovation, and national digital transformation, this is considered a decisive factor in the development of nations. It is seen as a prerequisite and the best opportunity for Vietnam to become prosperous and powerful in the new era of the nation’s rise.
Vietnam’s demographic advantage, including a youthful population of 100 million in a “golden age”, further bolsters its ambitions. Its dynamic workforce, with a natural inclination toward science, technology, engineering, and math (STEM), is a key asset in attracting private investment to innovation-driven sectors.
Vietnam views sci-tech as a decisive factor in national development and a key tool for achieving sustainable development goals, and is ready to boost sci-tech cooperation with Venezuela for mutual prosperity.
Delegates at the workshop (Source: www.baohomnay.com) 
