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CNG Viet Nam – First Entity Eligible for LNG Business in Vietnam

In May 2023, Vietnam Ministry of Industry and Trade licensed PV GAS to import and export LNG. Continuing its efforts to bring the LNG supply chain into reality, on August 29, 2023, CNG Viet Nam, a subsidiary of PV GAS was certified by the Department of Industry and Trade of Ba Ria - Vung Tau province to conduct the LNG business in Vietnam.

Established in 2007, CNG Viet Nam is currently the largest provider of Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG) by lorries in the country. It holds more than 70% of the domestic market share and possesses a complete transportation and distribution infrastructure nationwide. Over 16 years of development, CNG Viet Nam has played a significant role alongside over 200 leading domestic manufacturing companies such as Hoa Phat, Ton Dong A, Vinamilk and Viglacera in bringing a green and clean future to Vietnam, realizing the use of CNG and LNG as economically efficient and environmentally friendly fuel sources.

LNG distribution lorries of CNG Viet Nam

CNG Vietnam has been a pioneer in researching and mastering LNG technology and thereby will be ready to distribute LNG from the fourth quarter of 2023. The supply of LNG is an essential direction to timely supplement the decline in domestic sources, contributing to the long-term transition from traditional fuels (such as coal and oil) to natural gas. This helps ensuring the national energy security, promoting the development of domestic industries, and, at the same time, upholding Vietnam's 'green commitment' to the world.

LNG will be distributed via: pipeline (regas LNG, to power plants, and industrial customers within the pipeline system) or distribution lorries with ISO LNG Containers (to LNG satellite stations scattered throughout the country, for customers located away from the pipeline system).

Diagram of LNG distribution by lorries process

Alongside investment in equipment and infrastructure, CNG Viet Nam has organized numerous working and training sessions for its employees, especially engineers and workers involved in operations and transportation. They cover topics such as LNG loading and distribution, technical standards, fire prevention and fighting procedures, incident handling, etc. The aim is to guarantee the workforce possesses the necessary skills and capabilities to maintain the continuous and safe operation of the LNG supply chain for customers nationwide.

CNG Viet Nam’s BOD paid a visit to Thuan Dao LNG Satellite Station (Long An)

On August 19th, CNG Vietnam completed all preparations and readiness checks for the commissioning of LNG Truck Loading Facility in Long An. Moreover, the company have obtained all the necessary legal documentation to have LNG distribution lorries coordinated in the process.

On August 29, 2023, CNG Viet Nam became the first business entity engaged in the buying and selling of LNG in Vietnam (as in Certificate No. 168/GCNĐĐK-SCT by the Department of Industry and Trade of Ba Ria - Vung Tau province). The completion of licensing and LNG distribution infrastructure will reinforce PV GAS' leading position in the national energy transition process, while also affirming the role of CNG Viet Nam in the LNG business in the country. This aligns with PV GAS' specific strategies and the goals of Vietnam regarding energy security and the government's commitment to achieving 'Net Zero Emissions' by 2050, aiming for a green and sustainable future for the entire society.

«April 2024»


Address: Floor 12-15, PV GAS TOWER, No. 673 Nguyen Huu Tho Street, Phuoc Kien Commune, Nha Be District, Ho Chi Minh City.
Phone: +84.28. 3781 6777 Fax: +84.28. 3781 5666 Email: pvgas@pvgas.com.vn

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