AsemconnectVietnam - Vietnam Gas Corporation (PV GAS, ticker GAS - HOSE) announced that it is seeking and selecting a supplier for its third LNG import shipment in the first half of the year to ensure domestic supply.

Preparing for political instability in the Middle East and globally, PV GAS successfully arranged two LNG shipments (each approximately 70,000 tons from Qatar before the conflict and from Southeast Asia) at competitive prices (a 50% increase compared to current prices) and is seeking and selecting a supplier for the third shipment.
For LNG (liquefied natural gas) used in electricity generation and industry, PV GAS plans to import three shipments in the first half of the year. Current available inventory is approximately 15,000 tons of LNG. With successfully arranged import shipments, PV GAS ensures sufficient supply for electricity production until the end of April 2026.
From May 2026, PV GAS will continue to diversify its supply sources and seek additional import sources. Following the directives of the Vietnam National Energy Industry Group (Petrovietnam) to maximize domestic oil and gas exploitation to serve refineries and electricity production needs, a stable supply is expected to be ensured.
Regarding LPG for domestic and industrial use, according to PV GAS, LPG in Vietnam mainly comes from domestic production and imports. Approximately 70% of the country's imported LPG comes from the Middle East.
The recent conflict in the Middle East has disrupted supply chains, especially for oil and gas products, creating a force majeure event according to international practice, potentially leading to disruptions in gas supply in Vietnam. As a pioneering unit of the Vietnam National Energy Industry Group in the gas industry, PV GAS has proactively implemented solutions to stabilize supply: Continuing to diversify imported LNG sources outside the Middle East; balancing imported goods to ensure domestic demand compared to export demand for foreign markets; increasing domestic LNG production at the Dinh Co and Ca Mau gas processing plants to match the increased mobilization of domestic natural gas to shore (expected to increase gas supply to the market by 5%); continuing to utilize the integrated energy solution model for customers (implemented since 2023) so that customers can use pipeline natural gas, CNG, and LNG as alternatives to LNG when needed.
With these solutions, PV GAS still ensures the ability to supply LNG to domestic demand in March and the coming period.
N.Nga
Source: VITIC/Tinnhanhchungkhoan