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gathering, transporting, processing, storing and distributing gas and gas products all over the country and expand
business presence in the region and the world.
The idea of a gas industry has been destined from the early 90s to bring associated gas onshore from the Bach Ho
Field which used to be burned offshore. As a result, PV Gas was established on September 20th, 1990, from the
restructuring of Vung Tau Oil and Gas Project Management Board, with the initial name as Gas Company to engage
in
market to meet 70% of the national LPG demand;
- 70,000 tons of Condensate per year to produce gasoline.
It subsequently has reached annual sales turnover of approximately USD 3 billion, profit of USD 300 million, with total
assets of USD 2.5 billion.
With great achievements, PV Gas deserves to be the sole provider of dry gas and the top LPG manufacturer and
trading company in Vietnam. It comprehensively performs tasks and assignments from the State; contributes to
ensuring the national energy and food security, stable source for LPG demand and contributes to stabilizing the
domestic LPG price. It receives many Medals, Emulation Flags, Certificates of Merit, e.t.c. from the State, ministries,
industries and local authorities and from Vietnam Oil and Gas Group.
In the next few years, PV Gas will continuously strive to build a comprehensive management system, expand and
improve production and business efficiency as well as strengthen its focus on human development strategy. PV Gas
firmly believes that with the efforts of its staff and directors, the interest and direction of the Government and Vietnam
Oil and Gas Group, PV Gas will continue to develop to turn the gas industry into one of the leading industries of
Vietnams economy, gradually expand its global reach and be high on the list of the most powerful gas corporations in
Asia.
With a total investment of US$1.3 billion, the pipeline was the largest foreign investment
project in the first years of the 21st century.
It helped transport and process gas from the Nam Con Son basin to power plants in the
province.
As one of the countrys major projects, it has been operating safely and effectively to
ensure regular gas supply for many industrial parks in Ba Ria-Vung Tau and Dong Nai
Nam Con Son Gas pipeline came into operation in 2003 to transport natural gas from Blocks 06.1, 11.2
and 12W to Dinh Co Gas Processing Plant (Nam Con Son Terminal) for processing. Dry gas from Nam
Con Son Terminal is then transported in pipelines to Phu My Gas Distribution Center (GDC) for delivery to
gas consumers.
The current maximum capacity of Nam Con Son gas system is 20 million m3 of gas per day.
The NCSP incorporates a 371 km-long pipeline which transports gas and condensate from the Lan Tay
gas production platform in Block 6.1, 370km offshore south eastern Vietnam, to an onshore gas
processing
terminal and a 28 km-long onshore pipeline to customers. A separate report has been prepared covering
the offshore extraction of gas in the Lan Tay/Lan Do gas field.
1
a.
2001 - BP announced that the Nam Con Son gas project offshore Vietnam is set to
go ahead