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Gazprom & PetroVietnam Discuss Joint Projects

Source: www.gulfoilandgas.com 3/21/2016, Location: Asia

A Gazprom delegation headed by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, visited the Socialist Republic of Vietnam (SRV).

Hanoi hosted a working meeting between Vitaly Markelov and Nguyen Quoc Khanh, Chairman of the Board of Directors of PetroVietnam (Vietnam Oil and Gas Group).

The parties discussed cooperation in a number of areas, particularly within the Gazpromviet joint venture, as well as potential supplies of liquefied natural gas to Vietnam.

Another working meeting was held between Vitaly Markelov and Nguyen Vu Truong Son, President and CEO of PetroVietnam. The meeting addressed the implementation of the existing contracts and agreements on hydrocarbon exploration, production and sales, as well as participation in new joint projects to be executed in Vietnam, Russia, and third countries. The parties also discussed possible collaboration in the field of power generation.

Particular attention was given to the further joint implementation of the NGV project in Vietnam. The project aims at enhancing the transport system effectiveness in a number of towns, cities, and provinces of southern Vietnam, as well as at improving the environment in the most densely populated region of the country. The project entails, inter alia, the construction of an LNG plant and NGV stations.

As a result of the meeting, Gazprom and PetroVietnam decided to shortly draft a comprehensive plan of action (“roadmap”) on the wider use of natural gas as a vehicle fuel in order to achieve the main goals of NGV market development in Vietnam.

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