Vietnam: PVN and GAZPROM extend the Cooperation in gas power sector

Vietnam: PVN and GAZPROM extend the Cooperation in gas power sector

Recently, in Moscow , Gazprom CEOMr. Alexey Miller and PVN CEO Mr. Nguyen Vu
Truong Son had a working meeting on bilateral cooperation in petroleum
exploitation in Vietnam and Russia as well as the joining perspective
cooperation in gas power development and LNG transportation means.

Gazprom has participated in developing Hai Thach - Moc Tinh gas field since
2003 so far with a total amount of 6.6 billion cubic meters. In 2016, two
sides exploited 2 billion cubic meters from this field as planed and
completed 5 year drilling program with drilling 16 wells in petroleum fields
of Vietnam as committed.

Hai Thach - Moc Tinh field belongs to 05-2 and 05-3 lots on Vietnam
continental shelf operated by PVN Bien Dong Petroleum Operating Company
(BDPOC). Representative of Gazprom in this project is Gazprom International,
a company specializing to implement the petroleum projects outside the
Russian territory.

In the world energy market, Gazprom is not only a potential exporter but
also a reliable and stable energy supplier.

In the meeting two sides also compared notes on geological exploratory
progress at 112 and 129 - 130 lots on Vietnam continental shelf, developing
Nagumanovskoye oil-gas-condensate and Severo - Purovskoye gas-condensate
projects in Russia, as well as the joining perspective cooperation in gas
power development and LNG transportation means.

Gazprom is a largest group of Russia participating in world energy market,
considerably contributing to global energy stability and security.

The specific characteristic of Gazprom is that it is both a producer and a
supplier of energy resources with the large reserves, modern infrastructures
and broad gas pipeline system.

Thanks to geographic position of Russia, Gazprom is still able to become an
energy bridge between European and Asian markets and a supplier of transit
gas transporting service from the other gas producers.

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Link to Original Article:
http://nangluongvietnam.vn/news/en/oil-and-gas/pvn-and-gazprom-extend-the-co
operation-in-gas-power-sector.html

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com