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Collaboration to develop LNG value chain in Vietnam

LNG Industry,

Tokyo Gas Company and PetroVietnam Gas (PV Gas) have signed a Memorandum of Understanding (MOU) to carry out a feasibility study on energy solution business in Vietnam.

In 2012, Tokyo Gas and PV Gas signed an agreement for cooperation on the development of the LNG value chain in Vietnam. The feasibility study on energy solution business is the first step under this collaboration, with the aim of LNG value chain development in Vietnam.

Following a series of discussions and market surveys, Tokyo Gas and PV Gas confirmed the importance of energy conservation and of the building of infrastructure for expanding the use of LNG.

In the course of these studies, the two companies discovered the potential for further cooperation in energy solutions businesses, such as energy-saving services enabling efficient use of LNG, and LNG satellite provision to bring LNG to areas not served by gas pipelines.

Adapted from press release by Katie Woodward

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