Gas

AES and PV Gas sign a joint venture agreement for Son My LNG Terminal The event took place in New York during the visit of Vietnam’s State President Nguyen Xuan Phuc for the 76 th UN General Assembly and was attended by President Phuc, Vietnam Ambassador to the US Ha Kim Ngoc, Minister of Industry and Trade Nguyen Hong Dien, Minister of Planning and Investment Nguyen Chi Dung, Chairman of the President Office Le Khanh Hai, Minister of Construction Nguyen Thanh Nghi, PetroVietnam chairman Hoang Quoc Vuong, and other Vietnamese officials and members of AES’ senior leadership. The terminal is expected to achieve financial completion in 2022 and begin commercial operations in 2026. The Son My LNG terminal has an installed capacity of 450 trillion British thermal units and represents a total investment of about $1.4 billion. The terminal is expected to achieve financial completion in 2022 and begin commercial operations in 2026. “This is an important milestone for …

[Read more...] about AES and PV Gas sign joint venture agreement for Son My LNG Terminal

The PetroVietnam Gas Joint Stock Corporation (PV GAS) and US-based AES Corporation signed a joint venture agreement on the establishment and operation of Son My LNG port warehouse limited company in New York on September 22 (local time). PV GAS, AES exchange joint venture agreement on the establishment and operation of Son My LNG port warehouse limited company (Photo: VNA) The signing ceremony was witnessed by President Nguyen Xuan Phuc who is on New York to attend the general debate of the 76th session of the United Nations General Assembly (UNGA). The joint venture agreement was based on the main terms of the joint venture contract of Son My LNG (liquefied gas) port warehouse project signed in October 2020. The Son My LNG port warehouse is one among a series of LNG power projects in the south central province of Binh Thuan, with an estimated total investment of 1.31 billion USD, and a capacity of 3.6 million tonnes a year in the first phase …

[Read more...] about PV Gas, US corporation move to implement Son My LNG port warehouse project

Realization of the motto is part of the Petrovietnam Party Committee Executive Board’s plan for celebrating the Vietnam oil and gas industry’s 60th anniversary (November 27, 2021), and implementing Petrovietnam’s culture renovation program. It is important to improve the efficiency of political task implementation of each cadre and party member and ensure the accomplishment of the group’s common goals, including party organization development. PV GAS Party Committee implements programs for the community’s benefit The PV GAS Party Committee considers the motto’s realization important for successful implementation of the Petrovietnam culture renovation project and PV GAS corporate culture program and core values – cooperation, professionalism, efficiency, safety and innovation. Regular, efficient operations of party committees and cells have been contributing to promoting a corporate culture of leadership, management and administration throughout the corporation …

[Read more...] about PV GAS Party Committee guides corporate culture renovation

A 31-year journey of construction and development The corporation is taking the lead in the development of the gas industry as part of the strategy of the Vietnam Oil and Gas Group (PetroVietnam). Its operations are collecting, transporting, processing, storing, distributing and trading gas and gas products. Established on September 20, 1990 with the original name of the Gas Company, PV GAS has gradually built and put into operation a relative completed infrastructure of Vietnam's gas industry, including five gas transportation systems with a length of over 1,500 km of gas pipelines, three gas treatment plants with a total capacity of more than 10 billion cubic meters per year, 14 liquefied petroleum gas (LPG) warehouses with a capacity of nearly 150,000 tons, the gas/gas product distribution system across the country, with an asset value of more than VND 70,000 billion. Over the past 31 years of establishment and development, PV GAS has become a large corporation with 19 …

[Read more...] about PV Gas to mark 31st founding anniversary

Police ask people to move to a safer place following the explosion in India's Assam state AFP/Partha Sarathi DAS A wall of flames and smoke continues to roar into the sky a day after the gas triggered an explosion at the well run by state-owned Oil India in the northeastern state of Assam. "Unfortunately, we have lost two dedicated oilmen in the line of duty. Their bodies were found from the pond nearby," Oil India spokesman Tridiv Hazarika told AFP. Hazarika said the men were Oil India staff operating at the site as company firefighters and appeared to have jumped into the water at the time of Tuesday's blast. Another firefighter suffered minor injuries. The military and national disaster response personnel along with around 200 engineers and workers - including experts from Singapore - are aiming to stem the leak within four weeks, Oil India said. Assam's Chief Minister Sarbananda Sonowal said he had briefed Indian Prime Minister Narendra Modi on the situation. …

[Read more...] about 2 dead as fire rages after India gas well blowout

The writing contest received nearly 100 entries, hundreds of shares and comments on social media. The event was held to gather memories, feelings, and sentiment of employees of the Management Board, contributing to promoting solidarity and unity among them. The special award of the contest was handed over to “Lua rong,” an article by Vu Ngoc Khuong, Deputy Head of the Board for Construction and Investment. The first prize went to “Heart of PV Gas” by Gia Phat while the second and third prizes belonged to “Headquarters of PV Gas” by Da Thu and “the COVID-19 pandemic” by Xuan Son respectively. In addition, the organizing panel also handed over prizes for other categories. The event was expected to promote solidarity and joint efforts among the corporation’s staff and employees, contributing to fulfilling their business goals in 2021. Translated by Trung Thanh …

[Read more...] about PV GAS honors winners of its contests

The event took place on September 22 in New York during the visit of Vietnam’s President Nguyen Xuan Phuc for the 76th Session of the UN General Assembly. The signing ceremony was attended by President Phuc, Minister of Industry and Trade Nguyen Hong Dien, Minister of Planning and Investment Nguyen Chi Dung, Chairman of the President's Office Le Khanh Hai, Minister of Construction Nguyen Thanh Nghi, Petrovietnam Chairman Hoang Quoc Vuong, other Vietnamese officials and members of AES’ senior leadership. The Son My LNG terminal has an installed capacity of 450 TBtu and represents a total investment of about $1.4 billion. The terminal is expected to achieve financial completion in 2022 and begin commercial operations in 2026. “This is an important milestone for the development of the Son My LNG terminal and combined cycle gas turbine power plant. The terminal will enable our customers in Vietnam to continue accelerating economic growth by using cleaner, more reliable and …

[Read more...] about AES and PV Gas sign joint venture agreement for Son My LNG terminal

31-year journey Vietnam’s gas industry was promoted with the first delivery of gas to the mainland from the Bach Ho (White Tiger) field on April 26, 1995. Since then, PV GAS has established and put into operation a relatively complete gas industry infrastructure system in Vietnam, including five gas pipeline systems spanning more than 1,500km, three gas processing plants with total capacity of over 10 billion cubic meters per year, 14 liquefied petroleum gas (LPG) storage facilities totaling almost 150,000 tonnes in capacity, and a nationwide gas and gas product distribution system, all with a total asset value of more than VND70 trillion. PV GAS has become a powerful corporation with 19 member units and almost 3,000 highly qualified, experienced, dynamic and creative employees. Each year, PV GAS provides raw materials and fuel for production of nearly 15 percent of the country’s electricity output and meets 70 percent of the country’s demand for nitrogen and fuel for industrial …

[Read more...] about PV GAS: Pride and development aspirations

BSR contributes more than 6,330 billion VND to the state budget. (Photo: VNA) Hanoi (VNA) - Binh Son Refining and Petrochemical Joint Stock Company (BSR) paid more than 6.33 trillion VND (nearly 278 million USD) to the state budget in the past 8 months. Deputy General Director Bui Ngoc Duong said due to the sharp decline in domestic gasoline consumption in the third quarter, the company is experiencing difficulties in production and business activities. In the past 8 months, it produced 4.48 million tonnes and sold 4.13 million tonnes for 60.805 trillion VND. It has developed four production and business scenarios on the basis of the COVID-19 pandemic development and the forecast of the domestic and foreign petroleum markets. Director of Vietnam Oil and Gas Group (PVN) Le Manh Hung asked the BSR to achieve 2 goals: cash flow management, and state budget payment target./. VNA …

[Read more...] about Oil company pays 278 million USD to state budget

Workers of the Vietnam Oil and Gas Group (Petrovietnam) (Photo: www.hanoimoi.com.vn) Hanoi (VNA) – Despite impacts of COVID-19, the Vietnam Oil and Gas Group ( Petrovietnam ) fundamentally fulfilled its set targets in the first eight months of this year. The ongoing pandemic has dealt a major blow to the group’s major activities. Of particular note, dry natural gas consumption and supply saw a decline of 15 percent in January-August compared to the same period last year. In addition, the firm is facing difficulties in mechanisms and policies and asking to streamline excessive procedures. Amid such challenges, PetroVietnam General Director Le Manh Hung has ordered serious implementation of preventive measures. In a bid to ensure health conditions for workers and maintain stable and safe operations and investment, four groups of tasks and solutions have been devised to combat COVID-19. The company has exerted efforts in ensuring health for workers and adhering …

[Read more...] about PetroVietnam rolls out measures to ensure operations in new situation