Vietnam receives 1st LNG cargo
PetroVietnam Gas (PV Gas), a subsidiary of state-owned energy company PetroVietnam, has received Vietnam's first LNG cargo from Shell, it announced on July 10.
The 70,000 metric ton (mt) shipment arrived at PV Gas' Thi Vai LNG import terminal, which has an initial handling capacity of 1mn metric tons/year. The terminal features a 180,000 m3 storage LNG tank, a jetty, and regasification area. In the second phase, the terminal's capacity will be expanded to 3mn mt/yr. PV Gas obtained government approval on May 5 to import LNG.
PV Gas plans to supply regasified LNG through pipelines and also transport LNG via trucks to downstream customers. The Thi Vai LNG import terminal is expected to play a significant role in addressing Vietnam's gas shortage beyond 2023 by augmenting gas supply to consumers, including the Nhon Trach 3 and 4 power plants, as well as industrial customers.