Vietnam’s regulatory environment can be ‘challenging’
Vietnam poised to join LNG importers club
At least one, and potentially two, regasification terminals are due to come online next year
State-owned Petrovietnam Gas (PV Gas) expects to start importing LNG in the third quarter of 2022. The utility has completed around 90pc of its Thi Vai regasification terminal, which will have an initial capacity of 1mn t/yr and eventually be expanded to 3mn t/yr. Associated pipeline works are also on track to be completed in time for the third quarter next year. With a significant number of projects underway, Vietnamese LNG imports could “see exponential growth from less than 1bn m³/yr to over 4bn m³/yr over the next decade”, says consultancy Fitch Solutions. PV Gas—which is developing at least two more terminal projects, the 3mn t/yr Ca Mau and 4-6mn t/yr South East LNG schemes—also confir
Also in this section
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
22 April 2026
Sustained strikes on ports, terminals and refineries are testing the resilience of Russia’s oil export system, yet rapid repairs, rerouting and surging prices mean the campaign has yet to deliver a decisive blow
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
