Sign up | Log in



Home  >>  Daily News  >>  Vietnam News  >>  Energy  >>  Prolonged talks to delay Chevron’s gas project in Vietnam

15 June 2009

Prolonged talks to delay Chevron’s gas project in Vietnam

Related Stories
April 26, 2009
Vietnam's crude output seen slipping 2% from March

April 22, 2009
Vietnam state refiner, Canadian firm in offshore venture 

April 21, 2009
Vietnam’s state refiner signs Peru oil deal 

April 3, 2009
Vietnam to raise fuel prices 

February 23, 2009
Vietnam opens $3 bln oil refinery

December 11, 2008
Vietnam slashes petrol prices by 8% 

US oil major Chevron expects its natural gas project in Vietnam to be delayed until late 2014 due to prolonged negotiations over gas prices with oil monopoly Petrovietnam, reported Reuters.

Chevron said last year it wanted to start gas production in 2012 from the project off the southwest coast of Vietnam.

The weekly Vietnam Investment Review quoted Chevron's Vietnam representative, Jim Ollen, as saying the negotiations with Petrovietnam were "progressing well".

A company official reached by telephone at the Chevron representative office in Hanoi confirmed the details in the report.

"First production is expected in 2014, instead of 2012," she said, declining to elaborate. Ollen was not immediately available to comment.

The report also quoted Ollen as saying reference prices provided by the Asian Development Bank of $5.8 to $8.2 per million British thermal units could help the two companies reach an agreement on prices soon.

Chevron, which has a 43 percent stake in the development, would invest up to $2 billion in the $4 billion project that includes a gas pipeline and power plants, Ollen was quoted as saying.

Other investors in the project, which comprises Blocks B, 48/95 and 52/97, include Thailand's PTTEP and Japan's Mitsui Oil. 




Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand