PetroVietnam Gas, a unit of state-owned PetroVietnam, has selected a subsidiary of UK-based LNG giant Shell to supply it with liquefied natural gas for five years following a tender.
According to an announcement posted on the company’s website, PV Gas has picked Shell Eastern Trading as the winner of its LNG supply tender.
Under the term contract, Shell Eastern Trading will supply 20,700,000 British thermal units of LNG, or approximately 400,000 mt, per annum on a delivered ex-ship basis.
The LNG supplies will be delivered to the PV Gas-operated Thi Vai LNG terminal from 2027 until 2031.
In August 2025, PV Gas launched the tender seeking a five-year term deal for LNG supplies.
This was the first time PV Gas sought term LNG supplies.
Previously, it only launched tenders for spot LNG cargoes for delivery to the Thi Vai facility.
Moreover, this is not the first time Shell has delivered LNG to PV Gas.
In 2023, PV Gas received the commissioning LNG cargo from Shell at its Thi Vai facility.
Launched in 2023, Vietnam’s first LNG import facility currently has a capacity of 1 mtpa, and it consists of one 180,000-cbm LNG tank, a jetty, and a regas area.
PV Gas plans to triple the capacity to 3 mtpa.
The company is also working on the Son My LNG import terminal project, LNG terminals in northern and north-central Vietnam, and the PV Gas-Hai Phong LNG port.
In addition, PV Power, a sister company of PV Gas, recently launched commercial operations at its Nhon Trach 3 and 4 LNG power plants.
Vietnam’s first LNG power plants have a total capacity of 1.6 GW.
Last year, PV Gas signed a long-term contract with PV Power to supply the latter’s Nhon Trach 3 and Nhon Trach 4 power plants with LNG. (January 6, 2025, Source: https://lngprime.com/asia/shell-to-supply-lng-to-petrovietnam-gas/173547/)
VIETNAM - LNG - SUPPLIES - IMPORTS - EXPORTS