Vietnam Oil and Gas Group Petrovietnam (PVN) produced 10.7 billion cubic meters of gas in 2015, which exceeds the target figure by 9% and the previous year's result by 4.5%.
According to Nang Luong Moi, a local newspaper, the plans and goals set for Vietnam’s gas industry by the country's government for 2015 and for the period from 2011 to 2015 were successfully fulfilled. In 2015, the sector saw record natural gas production figures. Over the last 5 years, the production volume amounted to 48.7 billion cubic meters, which exceeds the five-year plan objective by 3.3% and the results of the period 2006-2010 by 25.6%. On 3 October 2015, Petrovietnam reached an important landmark for the national gas industry as the volume of gas produced over the 30 years since the discovery of the Tien Hai gas field reached 110 billion cubic meters.
In 2015, as stated in Nang Luong Moi, Vietnam Oil and Gas Group Petrovietnam carried out regular maintenance and reparation works on the PM3-Ca Mau, Bach Ho and Nam Con Son gas pipelines. PVN also completed and commissioned the first stage of the Nam Con Son-2 gas pipeline and the Ham Rong – Thai Binh gas gathering system. Over the 5-year period from 2011 to 2015, PVN invested in the Te Giac Trang gas gathering facility and put it into operation. In addition, the company increased the capacity of the Nam Con Son gas pipeline to 22 million cubic meters per day; put the gas inlet facility for the Chim Sao and the Su Tu Trang fields into operation; expanded the Rong – Doi Moi gas gathering system; launched the Thi Vai liquefied petroleum gas (LPG) depot with a capacity of 64 thousand tonnes; increased the capacity of the Dinh Vu LPG depot to 4.5 thousand tonnes. Over the Cuu Long, Nam Con Son, and PM3-CAA pipelines, the company delivered 47.6 billion cubic meters of gas to consumers.
These supplies have allowed for production of more than 39 billion kWh of electricity, which accounts for 33% of the total volume of electrical energy generated in the country. Gas was also supplied to nitrogen fertilizer plants, which deliver 1.5 million tonnes of produce per year, satisfying 75% of the country’s own demand. The importation and distribution of LPG and LNG for industrial and other economic needs have made it possible to meet 70% of the demand for LNG in the domestic market.
In accordance with the Master Plan for the Vietnam Oil and Gas Industry until 2015 and Outlines of development strategy until 2025, approved by the Prime Minister of the Republic, Petrovietnam should produce 50-55 billion cubic meters of gas over the 2016-2020 period. PVN plans to produce 19-20 billion cubic meters of gas per year until 2025. Alongside boosting internal production, Vietnam also plans on importing gas, thus integrating into the regional and international gas markets.
Potential gas supplies from Vietnamese fields, including those that are projected to be developed until 2035, are estimated at 330 billion cubic meters. The average annual supply for the period from 2022 to 2030 is projected at 18-20 billion cubic meters.