On March 4, Vietnam Gas Corporation (PV GAS) informed about the situation of ensuring the supply of LNG (liquefied natural gas) for electricity production and industry; supply of LPG (liquefied petroleum gas) for civil and industrial uses, in the context of complex conflicts in the Middle East, affecting the global energy supply chain.
Previously, the unit had successfully arranged 2 LNG ship trips (about 70,000 tons/trip) and is selecting suppliers for the 3rd trip; at the same time, there is a available inventory of about 15,000 tons of LNG. Thereby, ensuring sufficient supply to serve electricity production until the end of April 2026. PV GAS is also continuing to diversify supply sources, seeking more LNG import sources.
For LPG, about 70% is imported from the Middle East market, conflicts in this region cause disruption of the supply chain, creating force majeure events, potentially risking disruption of LPG supply in Vietnam. Faced with this situation, PV GAS has proactively implemented many solutions such as: diversifying LPG import sources outside the Middle East; balancing import sources to ensure domestic demand compared to export demand for foreign markets.
At the same time, increase the domestic LPG production volume of the 2 Dinh Co and Ca Mau gas treatment plants to suit the increase in mobilizing domestic natural gas resources to the shore. Continue to take advantage of the model of providing integrated energy solutions for customers (implemented since 2023) so that customers can use pipeline natural gas, CNG (compressed natural gas), LNG to replace LPG when needed. According to PV GAS, with the solutions being implemented, the unit still ensures the ability to supply LPG for domestic demand in March and the coming time.
