VN to increase liquid gas imports by 2025
Sharply decreasing Liquid Natural Gas (LNG) output and increasing prices of new gas resources are forcing Việt Nam to look to increase LNG imports. The country is expected to import five million tonnes of LNG by 2025. The figure is expected to increase to 11 million tonnes by 2030 and 13.9 million tonnes by 2035. By the end of this year, the Việt Nam National Oil and Gas Group (PetroVietnam) will have supplied more than 100 billion cu.m of gas. Gas for electricity production accounted for 90 per cent of the country’s total gas output, generating around 30 per cent of total power output. Gas for fertilizer production contributed 70 per cent of the total fertilizer demand. Vũ Đào Minh, deputy head of PetroVietnam’s Department of Oil and Gas Exploitation, said the group has been active in promoting the developmental progress of potential gas mines in the basins of Cửu Long, Nam Côn Sơn, and the central and south west regions. The annual gas output has been around 10 billion cu.m.
