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On the afternoon of October 29, at Cai Mep Industrial Park, Phu My town, Ba Ria - Vung Tau province, PetroVietnam Gas Corporation (PV GAS) inaugurated and put into use the LNG 1 MMTPA Thi Vai Warehouse.
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| Delegates cut the ribbon to inaugurate PV GAS's LNG 1 MMTPA Thi Vai Warehouse |
Attending the inauguration ceremony were comrades: Member of the Party Central Committee, Deputy Prime Minister Tran Luu Quang, who gave a speech and cut the ribbon; Chairman of the State Capital Management Committee at Enterprises Nguyen Hoang Anh; and representatives of leaders of central and local ministries, branches.
After nearly 4 years of full implementation, the LNG 1 MMTPA Thi Vai Warehouse project officially came into operation, the result of PV GAS's outstanding efforts on the journey of green and sustainable energy conversion.
PV GAS General Director Pham Van Phong shared about the project implementation process and expressed his deep gratitude to the leaders of the Party, State, Central and local ministries and branches for their trust, attention, close and effective direction, and determination to remove obstacles and create a legal corridor for the new energy source LNG to develop in Vietnam, as well as throughout the project implementation process of PV GAS.
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Deputy Prime Minister Tran Luu Quang and delegates visited LNG Warehouse 1 MMTPA Thi Vai |
LNG 1 MMPTA Thi Vai Warehouse was built with the goal of realizing Resolution 55 of the Politburo issued on February 11, 2020 on the orientation of Vietnam's National Energy Development Strategy to 2030, with a vision to 2045 to ensure national energy security, in which, for the gas industry, the Resolution clearly states: "Prioritize investment in technical infrastructure to serve the import and consumption of liquefied natural gas", as well as "focus on rapidly developing gas-fired thermal power using LNG, gradually making gas-fired electricity an important source of electricity supply, supporting system regulation".
With the first LNG import infrastructure system in Vietnam, PV GAS will be more proactive in gas supply to meet the energy needs of existing power plants and consumers, contributing to ensuring national energy security, minimizing environmental pollution in accordance with the Government's commitment at COP26 and the global green energy transition trend. In addition to the LNG Thi Vai port warehouse, PV GAS is determined to realize the LNG center in Son My and the LNG center in the North/North Central to complete the core infrastructure for the Vietnamese gas industry and PV GAS to develop more and more strongly.
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Deputy Prime Minister Tran Luu Quang visited and congratulated PV GAS workers |
In the coming time, PV GAS hopes to continue to receive attention, support and guidance in perfecting legal documents and policy mechanisms so that the LNG industry can develop; at the same time, creating conditions for PV GAS to implement phase 2 of the project to increase capacity to 3 million tons/year to promptly meet the needs of power plants and industrial customers in the region from 2027.
In his speech, Deputy Prime Minister Tran Luu Quang stated that the MMTPA Thi Vai LNG Warehouse 1 is an important project contributing to the successful implementation of the Party and State's policy on orientation and planning for overall national energy development, shifting energy towards green, clean and sustainable direction. PV GAS has put an important project into operation, paving the way for the first time to bring liquefied natural gas (LNG) products to Vietnam, officially putting Vietnam on the global LNG map and marking an important step in the energy transition process.
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Party Central Committee member, Deputy Prime Minister Tran Luu Quang speaks at the inauguration ceremony |
The Deputy Prime Minister also shared important instructions and orientations for the Vietnam Oil and Gas Group and PV GAS, especially requesting Petrovietnam and PV GAS to accelerate the construction of Nhon Trach 3 and 4 Power Plants to soon put the entire LNG Thi Vai gas-electric chain into synchronous operation and continue to study and invest in phase 2, increasing the capacity of the LNG Thi Vai warehouse to 3 million tons/year according to the approved plan, while accelerating the investment in the Son My LNG gas-electricity center project and other key oil and gas projects.
In addition, the Deputy Prime Minister pledged that the Government will always accompany, create the most favorable conditions and environment, support Petrovienam and PV GAS to develop oil and gas energy projects, especially green, clean and sustainable energy, and support businesses in investing in green energy development.
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