PV Gas – leading firm in domestic gas industry
PetroVietnam Gas Joint Stock Corporation (PV Gas) has taken the lead in the Vietnam Oil and Gas Group (PetroVietnam) and played key role in the domestic gas industry, heard a meeting celebrating the 30th founding anniversary of the corporation in HCM City on September 18.
Duong Manh Son, PV Gas General Director, said with major projects, PV Gas has brought the gas industry forward in the national economy.
The corporation has built a complete infrastructure system for the gas industry with four gas systems with 1,200km of pipelines, three gas factories and 13 liquefied petroleum gas (LPG) warehouses whose combined capacity stands at nearly 100,000 tonnes, he said, stressing that its total asset exceeds VND62 trillion (US$2.67 billion).
Annually, PV Gas provides raw materials for the production of 20% of the country’s electricity output and meets 70% of national nitrogen demand. It has dominated the domestic dry gas market and accounted for 65% of the country’s LPG market share.
Despite the impact of the dropping petroleum price and COVID-19, PV Gas has maintained its growth and worked to ensure the progress of many projects in line with the Vietnam Oil and Gas Industry Development Strategy.
At the meeting, PV Gas honoured 10 outstanding initiatives and individuals that have significantly contributed to the corporation’s development over the past time.
