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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
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