PetroVietnam may build floating LNG terminal to import gas
Vietnam Oil & Gas Group plans to import liquefied natural gas using a floating liquefied natural gas (LNG) facility to help meet a near-term shortage of the fuel, an official said.
The group, also known as PetroVietnam, may deploy floating regasification units until 2014 to accelerate imports of LNG, Nguyen Xuan Hoa, vice president of Petrovietnam Gas Corp., a unit of the state-run group, said Friday.
Vietnam depends on domestically produced fuel and imported petroleum products to meet demand because it doesn’t import gas through pipelines or in liquefied form. The nation may face a shortage of about 1 billion cubic meters by 2010-11, and the gap may widen to 12 billion cubic meters by 2025, Hoa said in Jakarta.
The country’s gas supply comes from three projects, including Bach Ho field in Cuu Long Basin area, Nam Con Son Basin area and the southwest region. PetroVietnam plans to build an onshore LNG terminal after 2020 in the country’s southeast, Hoa said. (Bloomberg)
