PetroVietnam and Petronas sign gas agreement
Tuesday, March 19,2019AsemconnectVietnam - Viet Nam National Oil and Gas Group (PetroVietnam) and Malaysian oil and gas corporation Petronas last week in HCM City signed a heads of agreement (HOA) for the sale and purchase of additional gas to Ca Mau gas, power and fertiliser complex.
Under the HOA, the complex would receive additional gas of one billion cu.m per year from the end of 2019 and beginning of 2020 to solve the gas shortage.
PetroVietnam and Petronas would continue to negotiate a gas purchase contract following the signing to ensure stable and effective operation of the complex as well as energy security of the country.
Speaking at the signing ceremony, Nguyen Quoc Thap, deputy general director of PetroVietnam said the signing proved the effective co-operation between PetroVietnam and Petronas. It has been an important pre-condition for the two sides to complete a contract on the gas purchase.
Maliki Kamal Yasin, Petronas’ deputy general director, affirmed that the signing would be a good start for the two sides to agree further contracts.
Thanks to strong co-operation between the two sides, PetroVietnam has always been given priority to receive the maximum gas demand in dry season. Meanwhile, Petronas would receive additional gas during the rainy season from PetroVietnam.
The Ca Mau gas, power and fertiliser complex was built in 2001 in southern-most Ca Mau Province. Its gas consumption demand is 2.2 billion cu.m per year. The complex uses natural gas resources from Lot PM3- CAA in an offshore area between Viet Nam and Malaysia.
Source: Bizhub.vn Nam Viet Fisheries (ANV) targets 8-fold profit growth in 2024 despite low pangasius prices
Saigonres (SGR) continues to make ambitious plans for 2024
Nam Kim Steel (NKG) plans to increase profits sharply in 2024 and wants to mobilize VND1,579.7 billion from shareholders
BVBank (BVB): Profit target of VND200 billion, increased capital to more than VND6,400 billion, listed on HOSE
Banks record positive business indicators in Q1 2024
Vietjet offers speical promotions on its flights to Australia
OCB estimated to achieve about VND1,200 billion profit in Q1/2024
Cienco 4 (C4G) target 92% increase in profit after tax in 2024
PVTrans (PVT) plans for consolidated profit in 2024 to reach VND760 billion
MSB plans to profit VND6,800 billion and pay 30% dividend
Vinhomes (VHM): Promoting potential new projects, profit target of VND35,000 billion in 2024
Da Nang Rubber (DRC) plans profits go backwards in 2024
Positive business results, DNSE plans to pay 5% cash dividend
Petrolimex Import-Export (PIT) plans to close the petroleum segment, focusing on the spice industry
Plan of Hai Duong province for a period of 2021 - 2030, ...
Organize space reasonably and harmoniously, focusing on connecting Hai Duong in common development space, actively contributing to the ...Plan of Hau Giang province in a period of 2021 - 2030, ...
Sustainable forestry development program in a period of ...
12th-century ancient road unearthed at My Son Sanctuary
An ancient road dating back to the 12th century has freshly been discovered in an excavation on architectural ruins at the east side of ...Efforts made to seek UNESCO’s recognition for Con Moong ...
Vietnam Art Photo Contest and Exhibition 2024 to be held ...
Bas-relief featuring talks between Uncle Ho and soldiers ...