PM proposes US firm tai bet88 develop LNG supply chain in Vietnam

Prime Minister Pham Minh Chinh has proposed US LNG company Excelerate Energy (EE) tai bet88 develop a LNG supply chain in Vietnam, including building modern and smart LNG storage facilities and transferring technology and management expertise tai bet88 help Vietnam operate its LNG sector efficiently.

He made the suggestion during a reception for the company’s President and CEO Steven Kobos in Hanoi on May 29.

The PM was quoted by the Vietnam News Agency as saying thatVietnam aims tai bet88 develop LNG storage and distribution centers tai bet88 serve both domestic demand and the wider ASEAN region, including power plants supplying electricity tai bet88 ASEAN.

He called on the US firm tai bet88 cooperate with Vietnamese partners tai bet88 begin construction of LNG storage and distribution facilities in Vietnam within this year or in 2026.

The Vietnamese Government leader lauded the signing of a memorandum of understanding between the US firm and PV Gas, a unit of state-run Petrovietnam, urging the two sides tai bet88 work closely together tai bet88 ensure practical and effective cooperation.

For his part, Mr. Kobos noted that his company's MoU with PVGas is tai bet88 arrange long-term LNG supply from the US for the Vietnamese market.

He proposed the Vietnamese Government tai bet88 instruct relevant ministries, agencies, and local authorities tai bet88 facilitate the company’s investment and development of LNG infrastructure in Vietnam, ensure a stable supply of LNG, and support the establishment of joint ventures with local partners tai bet88 expand market presence, aiming tai bet88 position Vietnam as a key LNG distribution hub in ASEAN.