Exxon Mobil Vietnam gas project could start in November

Exxon Mobil Vietnam gas project could start in November

Exxon Mobil Corp's Blue Whale gas project, Vietnam's biggest, could start in
November, Vietnam Television (VTV) reported on Tuesday.

The Blue Whale field has an estimated 150 billion cubic meters of reserves.
Prime Minister Nguyen Xuan Phuc told Exxon Mobil on Tuesday he hoped to have
the project starting officially at an Asia-Pacific Economic Cooperation
summit in November when U.S. President Donald Trump and U.S. government
officials are expected to attend, state-run VTV reported.

Vietnam is trying to switch to cleaner energy from coal-fired power plants.
The country is also planning solar and wind power plants.

Jon Gibbs, Exxon Mobil's vice president in Asia Pacific and Middle East,
said the U.S. company aimed to produce the first gas for Vietnamese power
plants in 2023, VTV reported.

PetroVietnam, Exxon Mobil's Vietnamese partner, has said the project would
contribute nearly $20 billion to the state budget.

Exxon Mobil established an exploration and exploitation unit in Vietnam that
distributes lubricant and petrochemical products, a Vietnamese government
news website said.

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Link to Original Article:
http://e.vnexpress.net/news/business/exxon-mobil-vietnam-gas-project-could-s
tart-in-november-state-tv-3634543.html

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com