Tokyo Gas inks MOU with PV Gas to help Vietnam acquire LNGPosted by Copeland Haagensen on January 14th, 2021 Japan's biggest gas energy Tokyo Gas Monday stated that its wholly owned subsidiary Tokyo Gas Engineering has actually been granted a front-end design as well as style contract for Vietnam's initial LNG import terminal to be located at Thi Vai in the southerly part of the country.The terminal is expected to begin procedures in 2015. Tokyo Gas likewise intends to win the engineering contract to construct the incurable, Tokyo Gas General Manager of Business Advancement Hiroshi Kishino said at a press rundown in Tokyo. The LNG terminal will be furnished with a 100,000 kl (100,000 cubic meter) storage tank, regasification systems as well as a berth for LNG vessels, Tokyo Gas claimed. Tokyo Gas also inked a memorandum of recognizing with state-owned PetroVietnam's subsidiary PV Gas to assist create the Southeast Eastern country's LNG worth chain and also assist it with LNG purchase, the Japanese utility said. The MOU was authorized by Tokyo Gas President Tsuyoshi Okamoto as well as PV Gas Head Of State & CEO Do Khang Ninh in Ho Chi Minh City. Kishino informed reporters that PV Gas had actually signed the MOU after vetting Tokyo Gas' "expertise" on LNG businesses after its subsidiary won the FEED agreement for Vietnam's very first LNG terminal in February. Asked whether Tokyo Gas would certainly think about offering LNG from its supplier sources to PV Gas, Kishino said there was no such possibility for now. " Our LNG purchases for the domestic market is already extreme. Therefore bhmt chemical will certainly prioritize our purchases for the domestic market," Kishino said. "We, however, might able to share our experience and info as an LNG buyer because we have more than 40 years of experience as an LNG buyer." Kishino included that researches as well as plans were underway for a number of feasible LNG getting incurable projects because of skyrocketing demand for energy in areas such as electrical power and industrial usage. Aside from the 1 million mt/year LNG import terminal that PV Gas is planning to develop along the Thi Vai River in southern Vietnam, a second terminal of upto 3 million mt/year capability at Binh Thuan in main Vietnam is prepared to start up around 2018-20, a resource familiar with the issue claimed. PV Gas has actually been in talks with Australia and also Qatar for LNG imports however is yet to firm up a sales as well as purchase contract. Like it? Share it! More by this author |