Petrovietnam signs first LNG term deal with Shell for 400,000 metric tons annually

Summary

Petrovietnam Gas has awarded its first term supply contract for LNG to Shell, which will deliver 400,000 metric tons annually from 2027 to 2031. The LNG will be supplied to Vietnam's Thi Vai terminal, primarily for two gas-fired power plants. Vietnam began importing LNG in 2023 and previously relied on spot market purchases.

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