|
Vietnam to face gas shortfall in 2011
Vietnam is expected to face a gas shortfall of nearly 1 billion cubic meters in 2011, which will triple in 2020 and rise by seven-fold in 2025, a senior PetroVietnam Gas official said.
Given the development schedule for discovered gas fields, the country's gas output will peak in 2017 at 15.5 billion cu m, then gradually fall, Sai Gon Giai Phong newspaper quoted PVGas' General Manager, Do Khang Ninh, as saying.
Vietnam currently produces around 9 billion cu m of gas annually and state-owned PVGas, the subsidiary of the giant conglomerate PetroVietnam, is the sole domestic supplier.
PVGas supplies an average of 25 million cu m/day of gas to its domestic customers, which include power plants, fertilizer plants, other industrial customers and local households, from three pipeline systems - Cuu Long, Nam Con Son and PM3-Ca Mau.
PVGas will meet about 90 percent of the total domestic gas demand of around 9 billion cu m in 2011, Ninh said, adding that the new gas projects of Hai Su Trang (White Sea Lion field), Te Giac Trang (White Rhinoceros field), and Rong-Doi Moi field would cover for falling production from some fields in the Cuu Long Basin.
Meanwhile, PVGas is working towards building an LNG terminal in the country and is expanding its LPG storage and distribution infrastructure to support LNG and LPG imports.
PetroVietnam last June signed an MOU with Norwegian energy services company DNV covering the development of LNG imports into Vietnam.
The companies are planning to build a floating storage and regasification unit to be completed by 2012, and are also looking at an onshore 1 million metric ton a year terminal in the south of the country to be ready by 2015, according to newswire Platts.
PVGas also last month began construction of a 60,000 metric ton LPG storage facility, the country's largest, in the southern Ba Ria-Vung Tau Province.
tuoitrenews
|
