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Home  >>   Daily News  >>Vietnam>>Energy>>Gas industry targets doubling output by year 2035
NEWS UPDATES Asean Affairs     January 20,  2017  






Gas industry targets doubling output by year 2035


The Vietnamese gas industry aims to double its exploitation output to reach as much as 21 billion cubic metres by 2035, according to a master plan approved by Prime Minister Nguyen Xuan Phuc early this week.

The current output of roughly 11 billion cubic metres will be maintained to 2020 and pushed up to 19 billion cubic metres by 2025 and 21 billion cubic metres by 2035.

Việt Nam also plans to import 1-4 billion cubic metres of liquefied natural gas (LNG) from 2021-25 and 6-10 billion cubic metres from 2026-35.

The master plan estimates that the gas industry would need US$10.6 billion for 2025 and another $8.5 billion in the next 10-year period to develop gas pipelines, stations, compressed natural gas and LNG plants and LNG warehouses.

Việt Nam will encourage investment in the gas industry while State capital will be used to build infrastructure.

International co-operation will also be promoted to attract investment from multinational oil and gas groups, according to the master plan. It also says that incentives will be developed to encourage investment in producing LNG overseas for distribution in Việt Nam.

Under the plan, a database will also be built with regular updates, especially in gas reserves, together with the application of technology to improve exploitation efficiency and prevent waste of natural resources.

About 80 per cent of the total gas output is expected to be used for electricity generation.

In addition, gas consumption is set to expand in industrial production and transport to protect the environment. — VNS



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ASEAN  ANALYSIS

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

 


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