Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >>Energy  >> Construction of undersea gas pipeline starts
NEW UPDATES Asean Affairs  4 July 2014  

Construction of undersea gas pipeline starts

HCM CITY  (VNS) — The first phase of the Nam Con Son 2 Gas Pipeline project to lay 153km of undersea pipes off Ba Ria-Vung Tau Province will begin this quarter, according to an official.

Do Khang Ninh, general director of PetroVietnam Gas Corporation (PV Gas), the investor, told Viet Nam News during the signing of an agreement on Tuesday for a US$280 million bank loan to fund the first phase that it is scheduled to be completed in mid-2015.

It is meant to carry gas to the mainland from the offshore Thien Ung and Dai Hung oilfields.

The gas will be supplied to the south-eastern region.

The phase will cost more than $402 million while the entire project will cost $1.3 billion.

Eleven foreign banks led by Taiwan's Cathay United Bank will provide the loan.

One of Cathay United Bank's major syndicated loans in Viet Nam in recent years, it is for seven years including a possible two-year extension unlike the five-year norm for foreign loans in Viet Nam and in the region.

The project will see 325km of offshore pipelines laid besides another 30km on shore.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

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

Today's  Stories                            July 4, 2014 Subsribe Now !
• Cambodia releases Veera without special condition: Sihasak Subcribe: Asean Affairs Global Magazine
• Poll surveys indicate tight race in Indonesia`s presidential election
• OHC creates Lao tourism portal
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• 60 foreign brands eager to do business in PHL – franchise officials
• Construction of undersea gas pipeline starts
Asean Analysis                    July 3, 2014

• Asean Analysis July 3, 2014
India – Iran relations: A Balancing Act /font>
Advertise Your Brand

Asean Stock Watch    July 3, 2014
• Asean Stock Watch-July 3, 2014
The Biweekly Update
• The Biweekly Update  June 27, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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 © 2006-2019 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand