The PetroVietnam Gas Corporation (PV GAS) and Russia’s Gazprom M&T have signed a contract to buy Liquefied Natural Gas (LNG) for a warehouse project at Thi Vai Port in the southern province of Ba Ria-Vung Tau .
The PetroVietnam Gas Corporation (PV GAS) and Russia’s Gazprom M&Thave signed a contract to buy Liquefied Natural Gas (LNG) for awarehouse project at Thi Vai Port in the southern province ofBa Ria-Vung Tau .
The two sides began negotiationson this deal in 2012 within the framework of the comprehensivestrategic cooperation between their parent companies, the VietnamNational Oil and Gas Group (PetroVietnam) and Gazprom.
Gazprom M&T is the first LNG provider PV GAS has signed such acontract with to ensure LNG supplies for the Thi Vai port warehouseproject.
This is an important project of PV GASwhich aims to realise its strategy to diversify gas supplies as well asmake up for gas shortages in the coming years.
The project has an annual capacity of 1 million tonnes of LNG and is expected to become operational in 2017.-VNA
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