Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2016-08-02 18:35:00

VIETNAM & JAPAN LNG

VIETNAM & JAPAN LNG

NGA wrote, Petrovietnam Gas (PV Gas), Bitexco and Tokyo Gas have established a joint venture entity, LNG Vietnam.

According to a statement by PV Gas, the newly formed entity came in existence on August 1, 2016. State owned PV Gas believes LNG Vietnam will smoothen the imports of the fuel and help diversifying the supply of gas in the rapidly growing domestic market. The new entity will also look at exporting LNG to markets in the region.

As per the agreement PV Gas would hold 51% stake in LNG Vietnam, Bitexco will own 39% and Tokyo Gas 10%.

Earlier this year, PV Gas and Tokyo Gas had signed an agreement to extend the MoU for the comprehensive cooperative relationship on the development of LNG value chain in Vietnam.

Demand for gas in expanding rapidly in Southeast Asia and Vietnam is no exception. LNG is in demand as an energy source for industrial parks around Ho Chi Minh City in the country's south. There are plans to build LNG facilities, including at the port of Thi Vai near the city, Nikkei added.

Expectation of robust energy consumption growth has attracted other global majors to the region as well. In May, Italy's Enel and the Japan's Marubeni Corporation said they will together explore for opportunities in the gas generation sector in the Asia-Pacific region.

Energy landscape in Southeast Asia is undergoing a major shift as domestic demand continues to race ahead. According to International Energy Agency (IEA), as domestic natural gas demand outpaces indigenous production, intra-regional and intra-country trade increases, Southeast Asia will turn into a net gas importer of around 10 bcm by 2040, compared with net exports of 54 bcm in 2013.

IEA says electricity demand would almost triple by 2040, an increase greater than the current power output of Japan. Although coal still remains the dominant fuel, greater focus on pollution reduction will lead to demand growth in gas fired power plants.

-----

Earlier:

VIETNAM: 

RUSSIA: I'M BACK 

SOUTHEAST ENERGY WAR 

АСЕАН: РАСТУЩИЙ РЫНОК 

СОТРУДНИЧЕСТВО РОССИИ И ВЬЕТНАМА 

ROSNEFT AND PETROVIETNAM COLLABORATION 

GAZPROM AND PETROVIETNAM COLLABORATION

 

JAPAN: 

JAPAN RESHAPES MARKET 

JAPANESE DESIRES 

GREATLY WORRIED WORLD 

AUSTRALIAN LNG: TO JAPAN 

RUSSIAN - JAPANESE BRIDGE

 

LNG: 

INVERTED LNG MARKET 

QATAR LNG UP 50% 

LNG: BIG AUSTRALIA 

AUSTRALIAN LNG UP 

THE BIGGEST ASIA'S LNG TERMINAL

 

 

 

Tags: VIETNAM, JAPAN, LNG, SOUTHEAST, ASIA

Chronicle:

VIETNAM & JAPAN LNG
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

VIETNAM & JAPAN LNG
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

VIETNAM & JAPAN LNG
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

VIETNAM & JAPAN LNG
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

All Publications »