Press release
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july 05, 2018 - Gazprom
Gazprom and PetroVietnam discuss progress of joint projects
A working meeting between Alexey Miller, Chairman of the #gazprom Management Committee, and Tran Sy Thanh, Chairman of the Board of Directors of Vietnam Oil and Gas Group (PetroVietnam), took place in Moscow today.
The parties discussed a wide range of joint efforts, including geological exploration and hydrocarbon production in Vietnam, as well as the prospects of joint projects in gas-fired power generation, the use of gas as a vehicle fuel, and staff training.
It was noted that the Moc Tinh and Hai Thach fields were expected to produce 2 billion cubic meters of gas (target level) in 2018.
Alexey Miller and Tran Sy Thanh reviewed the progress of the joint project for the construction of a small-scale LNG production complex, which would produce LNG for the NGV market, and a network of CNG filling stations. To date, marketing studies and a feasibility report had been completed for the project.
Vietnam’s PetroVietnam Group is focused on hydrocarbon exploration, production, processing, transportation and marketing. #gazprom and #petrovietnam collaborate under the Agreement on strategic cooperation.
Vietgazprom, a joint operating company established by Gazprom and #petrovietnam on a parity basis, is engaged in exploration in licensed blocks Nos. 111/04, 112, 113 and 129–132 located on the continental shelf of Vietnam. #gazprom is represented in the joint venture by Gazprom EP International B.V., a specialized company for the implementation of hydrocarbon prospecting, exploration and development projects outside Russia.
Since 2013, #gazprom EP International B.V. and #petrovietnam have been engaged in commercial gas and condensate production from the Moc Tinh and Hai Thach fields offshore Vietnam.
In 2015, PVGAZPROM Natural Gas for Vehicles, a joint Russian-Vietnamese company focused on the use of natural gas as a vehicle fuel, was registered. The joint venture consists of Gazprom EP International B.V. (35.5 per cent), #gazprom Gazomotornoye Toplivo (35.5 per cent), and #petrovietnam GAS (29 per cent).
At meeting
5369x3406, 5MB
Alexey Miller
5255x3426, 4MB
Tran Sy Thanh
5472x3648, 9MB
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