Oil corporations of Vietnam, Malaysia sign gas deal

19/03/2019, 10:51

The Vietnam Oil and Gas Group (PetroVietnam) and Malaysia’s Petroliam Nasional Berhad (Petronas) have signed a Head of Agreement (HOA) for the sale and purchase of additional gas to Ca Mau area.  

Leaders of PetroVietnam and Petronas sign the agreement in Ho Chi Minh

 City on March 15 (Photo: petrovietnam.petrotimes.vn)

The deal, signed in Ho Chi Minh City on March 15, demonstrated the fruitful partnership between the two State-own oil and gas corporations, and provided an important prerequisite for the two sides to reach a full agreement on the purchase of gas to serve the operation of the Ca Mau gas-power-fertiliser complex.

The Ca Mau Gas-Power-Fertiliser Complex, inaugurated in October 2012, is jointly operated by the PetroVietnam Gas JSC (PV Gas), the PetroVietnam Power Corporation, and the PetroVietnam Ca Mau Fertiliser JSC.

It comprises three projects covering more than 200ha in the Khanh An commune of U Minh district, the southernmost province of Ca Mau.

The first project is the PM3-Ca Mau gas pipeline carrying gas from the PM3-CAA gas well (in the overlapping area between Vietnam and Malaysia in the Gulf of Thailand) and Block 46-Cai Nuoc (off the coast of Vietnam) to the complex to produce electricity and fertiliser.

The other projects are the Ca Mau No. 1 and 2 gas power plants with a combined capacity of 1,500MW, and the Ca Mau fertiliser plant with the designed output of 800,000 tonnes per year.

A report at the meeting, which reviewed the coordination in operating the complex, said that the PM3-Ca Mau pipeline, put into use by PV Gas in 2007, has supplied about 2 billion cubic metres of gas each year. The two gas power plants have generated over 7 percent of the electricity output nationwide. Meanwhile, 40 percent of total urea output in Vietnam is produced by the fertiliser factory of the complex.

A gas processing plant has also been unveiled in the complex this year. In the first six months of 2018, it manufactured nearly 79,000 tonnes of liquefied petroleum gas and over 3,600 tonnes of condensate, up 42 percent and 15 percent from the planned figures, respectively.

Source: VNA


Related articles

(0) Comments
Focus
Liverpool Bounces Back with Vital Victory Over Everton, Keeping Arsenal at Bay
BTO-After consecutive failures in the FA Cup, Champions League, and League Cup, the morale of Arne Slot's squad has been declining. Facing pressure following Arsenal's victory in the early match the day before, Liverpool was compelled to secure a good result against Everton. In round 30, The Kop overcame the pressure to restore a 12-point lead over Arsenal by defeating Everton at Anfield.
Do not miss
  • Liverpool Bounces Back with Vital Victory Over Everton, Keeping Arsenal at Bay
    10 hour ago Sports
    BTO-After consecutive failures in the FA Cup, Champions League, and League Cup, the morale of Arne Slot's squad has been declining. Facing pressure following Arsenal's victory in the early match the day before, Liverpool was compelled...
  • Binh Thuan Province to cooperate with Sun Group to unlock its Tourism Strengths
    BTO – On early March, the Standing Committee of the Provincial Party Committee and the People's Committee of Binh Thuan Province held a meeting with Sun Group regarding investment cooperation.
  • The King Has Fallen: Man Utd Crash Out of FA Cup
    25 yesterday Sports
    Recently, Manchester United’s FA Cup title defense came to a crushing end as Fulham stunned the Red Devils in a dramatic penalty shootout to secure their place in the quarterfinals. Heading into the fifth-round clash at Old Trafford,...
  • Sunset Slope: Phan Thiet’s Hidden Gem for Breathtaking Views
    28 yesterday LANDSCAPES
    BTO – Still in the heat of the first two lunar months, Sunset Slope on Co Mountain has become a renowned sunset-watching spot in Phan Thiet. Located in Phu Hai Ward, this stunning location offers breathtaking views of the mountains...
  • Victory Seals the Throne
    one month ago Sports
    BTO-After suffering a loss in the first leg at home last week, Manchester City finds itself in a tough spot in its quest for a spot in the Champions League Round of 16 against Real Madrid. This defeat marked their first loss to Madrid...
  • Tough game Alonso!
    one month ago Sports
    BTO-The Round 22 Bundesliga showdown between Bayer Leverkusen and Bayern Munich was one of the most anticipated of the season. On one side, there were the defending champions, and on the other, the league leaders. Bayern entered the...
  • Back to the Top for Barcelona
    one month ago Sports
    BTO-Before taking on Rayo Vallecano, Barcelona had the chance to claim the top spot in La Liga after both Real Madrid and Atletico Madrid were held to 1-1 draws in Round 24 (Real drew with Osasuna, Atletico drew with Celta Vigo). The...
  • Bayern Munich's Roar
    one month ago Sports
    Bayern Munich were strong favorites against Celtic in their Champions League play-off. Despite being the away team, Vincent Kompany's side comfortably won 2-1, securing an advantage for the return leg at Allianz Arena.
  • Binh Thuan: 7 OCOP 4-star products recognized and re-recognized
    one month ago Business
    BTO – Binh Thuan provincial People's Committee has lately approved the evaluation results and issued certificates for 7 products in the first and second batches of 2024 for OCOP 4-star products.
  • Binh Thuan’s dragon fruit on display at an exhibition in Germany
    one month ago Business
    BTO- Binh Thuan dragon fruit will be present at the Fruit Logistica Berlin fruit and vegetable exhibition took place in Germany from February 5 to 7, 2025.
  • Red and Blue: Manchester’s Double Disaster
    one month ago Sports
    BTO-Recently, the two “powerful” football teams from the country of Man UTD and Man City both endured heavy defeats. MU lost at home to Crystal Palace with a score of 0-2. Meanwhile, Man City was hammered 5-1 by Arsenal on their ground....
  • Binh Thuan welcomed around 220,000 visitors during the Tet holiday
    one month ago Travel
    BTO-According to the Department of Culture, Sports, and Tourism of Binh Thuan, the province received approximately 220,000 visitors during the 9-day Lunar New Year holiday, marking a 10% increase compared to last year’s traditional...
  • A New Rising Star
    2 month ago Sports
    BTO-Joao Fonseca, a tennis player ranked 145th in the ATP standings, has caused a stir in the global tennis community after winning the 2024 Next Gen ATP Finals with the lowest ranking among the players in the tournament. With a mature,...
  • The Fall of the Giants
    2 month ago Sports
    BTO-Both "giants" Liverpool and Arsenal recently played their Carabao Cup semi-final first-leg matches. While Liverpool faced Tottenham, Arsenal hosted Newcastle. Both teams suffered defeats—Liverpool lost 0-1 to Tottenham, and Arsenal...
  • A Precious Point at Anfield
    2 month ago Sports
    On the last day of 2024, Manchester United suffered a 0-2 defeat against Newcastle at "The Theater of Dreams," Old Trafford. This was their fourth consecutive loss in the Premier League. The "curse" seemed far from over for Man Utd...
  • Lionel Messi Honored with the Presidential Medal of Freedom
    2 month ago Sports
    BTO-In the early days of 2025, Lionel Messi received a prestigious honor when U.S. President Joe Biden awarded him the Presidential Medal of Freedom. This civilian award, the highest in the United States, might have been a surprise,...
  • Time to back “home” Amorim!
    2 month ago Sports
    BTO-Under Ruben Amorim, Sporting Lisbon achieved a perfect start in the Portuguese Primeira Liga, winning their first 12 matches and holding the top spot for over four months. However, after Amorim left Lisbon, both he and his former...
  • Thank You, Xuan Son!
    2 month ago Sports
    Two days have passed since the Vietnamese national football team clinched the ASEAN Cup title after defeating Thailand in both legs of the final. The victory’s echo still resonates in the hearts of every Vietnamese. Amid the joy of...
  • La Ngau People Venture into Tourism
    2 month ago Travel
    BTO - Recently, Tanh Linh has been in the rainy season; however, community-based rural tourism spots in La Ngau commune still attract visitors, especially on weekends, thanks to the rain's variability.
  • Lunar New Year 2025: Mui Ne ranked among Top 10 Favorite Domestic Destinations for Vietnamese Travelers
    3 month ago NEWS
    BTO-Booking.com, a leading global online travel platform, has just announced the top 10 domestic and international destinations favored by Vietnamese travelers for the Lunar New Year 2025. Mui Ne (Binh Thuan), renowned for its premium...
POWERED BY ONECMS - A PRODUCT OF NEKO
Oil corporations of Vietnam, Malaysia sign gas deal