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FINANCIAL NEWS
QatarGas, PV Gas discuss gas importing deal
06 Aug 2011
(MENAFN) PV Gas, subsidiary of the Vietnamese state oil and gas group Petrovietnam, stated that it is currently in negotiations with QatarGas for importing liquefied natural gas (LNG), reported Reuters.
PV Gas is expanding its list of potential natural gas suppliers as the fuel becomes increasingly important for power generation. Last year gas accounted for 31.7 percent of the power mix, after hydropower’s 37.6 percent.
Vietnam already has plans to buy gas from Southeast Asian nations such as Indonesia, Thailand and Malaysia via the trans-ASEAN pipeline.
Qatar can now produce up to 77 million tonnes of super cooled gas a year and had been struggling to find buyers for it until a tsunami wrecked Japan’s Fukushima nuclear power plant in March, increasing the country’s need for other energy sources.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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