Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>Vietnam>>Energy>>VN to increase liquid gas imports by 2025
NEWS UPDATES Asean Affairs     December 26,  2016  





VN to increase liquid gas imports by 2025

Sharply decreasing Liquid Natural Gas (LNG) output and increasing prices of new gas resources are forcing Vi?t 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 Viet 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.

Vu Dao 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 Cuu Long, Nam Con Son, and the central and south west regions. The annual gas output has been around 10 billion cu.m.

However, Minh said that after the year of 2020, current gas mine output will be reduced, thus affecting gas supply. In addition, the development of new gas mines will face high levels of impurities and difficult deep water locations. These factors will affect exploitation, collection and processing costs.

It is forecast that the country’s total gas supply will be more than 268 billion cu.m--while its total demand will be over 344 billion cu.m in the 2017-35 period, he said, adding that the supply would not be enough for the development of new power plants under the master electricity plan VII.

He said the country needs to develop new gas resources while importing LNG to ensure demand is met.

This would be a challenge for the synchronous development of the gas industry. It requires suitable mechanisms and policies to encourage investment into the sector. The Government should stipulate different gas prices to customers in the sectors of electricity, petrochemical and industry, he added.

He noted that the policies could promote gas market development, ensuring investment project effectiveness as well as contributing to energy security.

Deputy Minister of Industry and Trade, Hoang Quoc Vuong, said the ministry will continue to review and supplement Viet Nam’s gas industry master plan by 2020 with a vision to 2035.



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
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

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
 
or
submit your comment in the box below



 
Today's  Stories                           December 26, 2016 Subsribe Now !
• APR Energy Extends Contract on 102MW Myanmar Plant Subcribe: Asean Affairs Global Magazine
• VN to increase liquid gas imports by 2025
• Axiata could drop roaming fees
Research Reports
on Thailand 2007-2008

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

• VN showing 2016 trade surplus
• Media report of $10B debt incorrect: government  
Asean Analysis                  December 16,, 2016
• Asean Analysis  December 16, 2016
Southeast Asia Challenges for the Incoming Administration
Advertise Your Brand

Asean Stock Watch   December 21, 2016
• Asean Stock Watch-December 21, 2016
The Biweekly Update
• The Biweekly Update  December 16, 2016

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

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

 


Name

Name


Email

Email



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 © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com