PV Gas buys commissining LNG Cargo for Vietnam’s first LNG import terminal

Overview of LNG Thi Vai Terminal Warehouse.

In order to import LNG for the commissioning and commercial operation of the 1MMTPA LNG terminal in Thi Vai, PV GAS issued an offer to buy on April 27, 2023. PV GAS has received the attention of a large number of reputable LNG suppliers in the world.

Through the evaluation process, Shell, one of greatest LNG suppliers world wide, was ranked first and was invited by PV GAS to negotiate the confirmation notice for the first commissioning shipment of imported LNG to Thi Vai.

The signing of the Confirmation Notice to import the first LNG shipment is a milestone marking a new development step of PV GAS in particular and Vietnam's gas industry in general. After commissioning is completed, Thi Vai LNG terminal will be the first and largest LNG terminal in Vietnam today, with a capacity of Phase 1 of 1 million tons / year, then expanded to 3-6 million tons / year.

Thi Vai LNG terminal is capable of receiving LNG vessels up to 100,000 tons, with the main items of phase 1 (including LNG tanks with a capacity of 180,000 m3 and technological equipment designed according to the latest versions of Vietnamese standards, regulations and international standards...). Once completed, the system will replenish the supply of about 1.4 billion m3 of gas supply to consumers such as Nhon Trach 3 and 4 power plants, industrial customers, as well as partially compensate for the shortage of gas in the country after 2023.

Thi Vai LNG terminal will be an important link in supplying gas to consumers, including the Nhon Trach 3 and 4 power plants, as well as industrial customers. Along with the under development Son My LNG import terminal with a total expected capacity of up to 10 million tons of LNG / year when completed, of which PV GAS is the co-owner with the majority capital contribution ratio, PV GAS’s LNG infrastructure will basically meet the energy demand for the Southern region in the future.