Oil corporations of Vietnam, Malaysia sign gas deal

TIN LIÊN QUAN
	Deputy PM holds telephone talk with Malaysian FM
	Malaysia successfully issues samurai bonds worth 200 billion yen

The deal, signed in Ho Chi Minh City on March 15, demonstrated the fruitful partnership between the two State-own oil and gas corporations, and provided an important prerequisite for the two sides to reach a full agreement on the purchase of gas to serve the operation of the Ca Mau gas-power-fertiliser complex.

Leaders of PetroVietnam and Petronas sign the agreement in Ho Chi Minh City on March 15. (Photo: petrovietnam.petrotimes.vn)

The Ca Mau Gas-Power-Fertiliser Complex, inaugurated in October 2012, is jointly operated by the PetroVietnam Gas JSC (PV Gas), the PetroVietnam Power Corporation, and the PetroVietnam Ca Mau Fertiliser JSC.

It comprises three projects covering more than 200ha in the Khanh An commune of U Minh district, the southernmost province of Ca Mau.

The first project is the PM3-Ca Mau gas pipeline carrying gas from the PM3-CAA gas well (in the overlapping area between Vietnam and Malaysia in the Gulf of Thailand) and Block 46-Cai Nuoc (off the coast of Vietnam) to the complex to produce electricity and fertiliser.

The other projects are the Ca Mau No. 1 and 2 gas power plants with a combined capacity of 1,500MW, and the Ca Mau fertiliser plant with the designed output of 800,000 tonnes per year.

A report at the meeting, which reviewed the coordination in operating the complex, said that the PM3-Ca Mau pipeline, put into use by PV Gas in 2007, has supplied about 2 billion cubic metres of gas each year. The two gas power plants have generated over 7 percent of the electricity output nationwide. Meanwhile, 40 percent of total urea output in Vietnam is produced by the fertiliser factory of the complex.

A gas processing plant has also been unveiled in the complex this year. In the first six months of 2018, it manufactured nearly 79,000 tonnes of liquefied petroleum gas and over 3,600 tonnes of condensate, up 42 percent and 15 percent from the planned figures, respectively.

Vietnam exports nearly 720,000 tonnes of crude oil in two months Vietnam shipped 719,259 tonnes of crude oil abroad for 337.3 million USD in the first two months of 2019, up 7.1 percent in volume but ...

Vietnam-Russia joint venture welcomes first oil flow from Ca Tam field The Vietnam-Russia oil and gas joint venture Vietsovpetro held a ceremony in the southern province of Ba Ria-Vung Tau on March 8 to welcome the ...

Film month featuring French cuisine comes to Ha Noi French gastronomy will come into the spotlight with the screenings of documentary and feature films by young French directors during a film month scheduled for ...