Friday, October 23 2020

VietNamNews

PV Gas – leading firm in domestic gas industry

Update: September, 21/2020 - 10:00

 

PV Gas has brought the gas industry forward in the national economy. — Photo courtesy of PV Gas

HÀ NỘI — PetroVietnam Gas Joint Stock Corporation (PV Gas) has taken the lead in the Việt Nam Oil and Gas Group (PetroVietnam) and played a key role in the domestic gas industry, a meeting celebrating the 30th founding anniversary of the corporation in HCM City late last week was told.

Dương Mạnh Sơn, PV Gas General Director, said with major projects, PV Gas has brought the industry forward in the national economy.

The corporation has built a complete infrastructure system with four gas systems and 1,200km of pipelines, three gas factories and 13 liquefied petroleum gas (LPG) warehouses whose combined capacity stands at nearly 100,000 tonnes, he said, stressing that its total asset exceeds VNĐ62 trillion (US$2.67 billion).

Annually, PV Gas provides raw materials for the production of 20 per cent of the country’s electricity output and meets 70 per cent of national nitrogen demand. It has dominated the domestic dry gas market and accounted for 65 per cent of the country’s LPG market share. 

Despite the impact of the dropping petroleum price and COVID-19, PV Gas has maintained its growth and worked to ensure the progress of many projects in line with the Việt Nam Oil and Gas Industry Development Strategy. — VNS

 

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