(Engineering daily) Nguyen Anh Duong = The PetroVietnam Gas Joint Stock Corporation (PV Gas) signed contracts on the building of a liquefied natural gas (LNG) warehouse and the provision of the product for two thermal power plants.
At the signing ceremony in Hanoi, PV Gas inked an engineering, procurement and construction contract for the Thi Vai LNG warehouse, located in the southern province of Ba Ria-Vung Tau, with Samsung C&T and the PetroVietnam Technical Services Corporation.
Meanwhile, PV Gas and the PetroVietnam Power Corporation (PV Power) signed a framework contract on the LNG supply and consumption for the Nhon Trach 3 and 4 power plants, based in the southern province of Dong Nai.
The Thi Vai LNG warehouse is set to handle 1 million tonnes of LNG each year after the first phase, invested with some 286 million USD, is completed in 2022. Its capacity will be raised to deal with 3 million tonnes of LNG annually in the second phase, which is expected to finish in 2023.
