PV GAS inaugurates Thi Vai LNG Terminal
PV GAS inaugurates Thi Vai LNG Terminal
On October 29, PetroVietnam Gas Corporation (PV GAS) held a ceremony to inaugurate Thi Vai Liquefied Natural Gas (LNG) Terminal at Cai Mep Industrial Park in the southern province of Ba Ria-Vung Tau.
After around 16 years since its inception, Thi Vai LNG Terminal has been put into operation, a testament to PV GAS' outstanding efforts on its green energy journey towards sustainable development.
With Vietnam's first LNG import infrastructure in place, PV GAS will have more control over supply, allowing it to meet the energy needs of existing power plants and households, contributing to ensuring national energy security, and reducing environmental pollution in line with the government's commitments.
With a total investment of $300 million, the Thi Vai facility is designed to offer a capacity of one million tonnes of LNG per year in the first phase. PV GAS is also heading towards the implementation of the terminal’s Phase 2, with an increase in its capacity to three million tonnes annually from 2027.
The complex also features an LNG storage tank with a capacity of 180,000 cubic metres, a truck loading station, the Thi Vai- Phu My pipeline, and the Thi Vai low-pressure gas distribution station. The terminal can receive and process LNG vessels weighing up to 100,000 tonnes.
In July, PV GAS marked the beginning of Vietnam's green transition by receiving the LNG carrier, Maran Gas Achilles. The ship was tasked with transporting the first 70,000 tonnes of LNG, entering Cai Mep Port in Ba Ria-Vung Tau from Bontang, Indonesia.
In May, the Ministry of Industry and Trade issued Decision No.01/GCNDDK-BCT, licensing PV GAS to import and export LNG. Thus, PV GAS became the first company in Vietnam to be recognised for meeting the required standards.
At the event, Deputy Prime Minister Tran Luu Quang stated that Thi Vai LNG Terminal is an important project contributing to the success of the Party and state's planning for the country's energy development towards sustainability.
PV GAS had paved the way for the introduction of LNG into Vietnam, putting the country on the global LNG map and marking a crucial step in the energy transition process.
