Gazprom to produce natural gas in Vietnam

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Gazprom Vietnam blocksWhile US president is forced to sit at home in the near-empty White House and to clean up the mess that came with the government shutdown, not only China took the center stage at the recent APEC Summit in Indonesia, but also Russia is making headway in broadening its influence in Southeast Asia.

At a visit to Vietnam on October 7, Alexey Miller, Chairman of the Management Committee of Russia’s largest natural gas firm Gazprom’s forged closer ties with Veietnam’s state-owned oil and gas giant Petrovietnam and launched a commercial gas production from the fields of licensed blocks 05.2 and 05.3 offshore Vietnam, with 8.5 million cubic meters of gas and 3.5 thousand tons of gas condensate to be produced daily there.

Gazprom also agreed to speed up talks on potential deliveries of liquefied natural gas to Vietnam and hoped to sign a framework deal by the end of 2013. The gas would come from Gazprom’s planned Vladivostok LNG project on Russia’s Pacific coast.

Gazprom and Petrovietnam are engaged in exploration, production and marketing of hydrocarbons in block No.112 of Vietnam’s continental shelf through the Vietgazprom joint operating company. As a result of the geological exploration performed in 2007, the Bao Vang gas and condensate field was discovered in the block. In 2009 natural gas reserves were also discovered in the adjacent Bao Den area.

A long-term oil and gas contract is currently in force between Gazprom and Petrovietnam for blocks No.129, 130, 131 and 132 on the continental shelf of Vietnam. The document stipulates hydrocarbon exploration, development and production in these blocks.

In May 2013, Gazprom and Petrovietnam signed a Memorandum of Understanding to cooperate in natural gas production and use as a vehicle fuel in Vietnam

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Reading Time: 1 minute

While US president is forced to sit at home in the near-empty White House and to clean up the mess that came with the government shutdown, not only China took the center stage at the recent APEC Summit in Indonesia, but also Russia is making headway in broadening its influence in Southeast Asia.

Reading Time: 1 minute

Gazprom Vietnam blocksWhile US president is forced to sit at home in the near-empty White House and to clean up the mess that came with the government shutdown, not only China took the center stage at the recent APEC Summit in Indonesia, but also Russia is making headway in broadening its influence in Southeast Asia.

At a visit to Vietnam on October 7, Alexey Miller, Chairman of the Management Committee of Russia’s largest natural gas firm Gazprom’s forged closer ties with Veietnam’s state-owned oil and gas giant Petrovietnam and launched a commercial gas production from the fields of licensed blocks 05.2 and 05.3 offshore Vietnam, with 8.5 million cubic meters of gas and 3.5 thousand tons of gas condensate to be produced daily there.

Gazprom also agreed to speed up talks on potential deliveries of liquefied natural gas to Vietnam and hoped to sign a framework deal by the end of 2013. The gas would come from Gazprom’s planned Vladivostok LNG project on Russia’s Pacific coast.

Gazprom and Petrovietnam are engaged in exploration, production and marketing of hydrocarbons in block No.112 of Vietnam’s continental shelf through the Vietgazprom joint operating company. As a result of the geological exploration performed in 2007, the Bao Vang gas and condensate field was discovered in the block. In 2009 natural gas reserves were also discovered in the adjacent Bao Den area.

A long-term oil and gas contract is currently in force between Gazprom and Petrovietnam for blocks No.129, 130, 131 and 132 on the continental shelf of Vietnam. The document stipulates hydrocarbon exploration, development and production in these blocks.

In May 2013, Gazprom and Petrovietnam signed a Memorandum of Understanding to cooperate in natural gas production and use as a vehicle fuel in Vietnam

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