Vietnam's PV Gas Output Lower
Vietnam's PV Gas, part of state-owned Petrovietnam Group, reported earlier this week a 1Q net profit of Vietnamese dong 1.476 trillion ($65mn), almost unchanged from the same period last year. Total revenues for the quarter ending March 31 2017 were dong 15 trillion ($656mn).
Gas production in 1Q was 2.5bn m3, 27% of the annual target and down by almost 9% from 1Q2016. Condensate output reached more 16,600 metric tons, 31% of annual target.
PV Gas said it completed construction and installation of treatment plant in Ca Mau and that first gas flowed March 13, 2017.
Ca Mau gas treatment plant (Credit: PV Gas)
Shardul Sharma