Vietnam in talks with Russia over LNG imports
On the 1st November, the Gazprom headquarters hosted a meeting between Alexey Miller, chairman of the company’s management committee, and Fam Suan Shon, Vietnamese ambassador to Russia, to discuss cooperation between Russia and Vietnam in the oil and gas sector.
The meeting participants discussed the status of cooperation between the two countries, placing an emphasis on issues related to joint production of hydrocarbons and the natural gas vehicles market development in Vietnam. Consideration was also given to the potential arrangement of liquefied natural gas (LNG) supplies to Vietnam from the Vladivostok LNG project.
Background
In December 2009, Gazprom and Petrovietnam signed a strategic partnership agreement. The companies will continue their joint operation in Vietnam’s offshore blocks and studies of further prospects for cooperation in vacant licensed blocks.
In October this year, Gazprom and Petrovietnam launched commercial gas production from the Moc Tinh and Hai Thach fields located in two licensed blocks offshore Vietnam. The recoverable gas reserves of both fields stand at 35.9 billion m3 of gas and 15.2 million t of gas condensate.
Gazprom and Petrovietnam are also involved in exploration activities in five blocks on the Vietnamese continental shelf.
The companies signed another agreement in October related to the joint venture activities under a project for natural gas use as a vehicle fuel in the Republic of Vietnam. The contract requires promoting the cooperation between Gazprom and Petrovietnam in converting public transport in Ho Chi Minh City to natural gas.
Future developments?
According to an industry source, agreements on the LNG supplies and the development of natural gas vehicle fuel market in Vietnam may be signed during the Russian President Vladimir Putin’s official visit to Vietnam on 12th November.
Edited from various sources by Katie Woodward
Read the article online at: https://www.lngindustry.com/small-scale-lng/06112013/vietnam_considers_importing_russian_lng_395/
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