Opportunities to invest in Vietnamese oil and gas sector

A seminar on investing in the Vietnamese oil and gas sector was held in Hanoi on March 29 under the framework of the Dutch business delegation’s visit to Vietnam.

Representatives from the Ministry of Industry and Trade, the Vietnam National Oil and Gas Group (PVN) and more than 25 Dutch businesses and groups attended the seminar.

The Netherlands is the world’s second largest oil and gas importer. Nearly 20 percent of the gas consumed in Europe is imported by the Netherlands and the country also consumes 30 percent of the natural gas in Europe. It has more than 136,000km of gas distribution pipelines in Europe. Dutch businesses expressed their keen interest in investing in oil and gas exploration, exploitation, and consumption, as well as supplying oil and gas equipment and services and technological solutions for oil refineries.

A PVN official said that PVN wants to strengthen cooperation with foreign businesses, including those from the Netherlands, to explore and exploit gas in Phu Khanh and Hong River. It also wants to cooperate with Dutch businesses in building pipelines to transport gas, service ports in Cam Ranh and Hon La, ports to receive liquidized gas in Thi Vai, Vung Tau, and other oil refinery projects.

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