Shell to Supply LNG to PV Gas

PetroVietnam Gas (PV Gas) and Shell have signed a framework agreement on the supply of liquefied natural gas to the Thi Vai LNG terminal, PV Gas said in a statement.

The Thi Vai LNG terminal in Vietnam’s southern province of Ba Ria-Vung Tau will have a capacity of 1 million tonnes per annum and is scheduled to be completed by 2017.

The two companies also signed a memorandum of understanding to jointly develop the Son My LNG import terminal in the central province of Binh Thuan.

The Son My LNG terminal is expected to be operational by 2019-20 and it will have a capacity of 3.6 million tonnes per year, according to the statement.