Accordingly, on the afternoon of October 29, in Ba Ria-Vung Tau province, Deputy Prime Minister Tran Luu Quang attended the inauguration ceremony of the Thi Vai Liquefied Natural Gas (LNG) Terminal with a capacity of 1 million tons/year - the first and largest LNG terminal in Vietnam.
Deputy Prime Minister Tran Luu Quang and delegates cut the ribbon to inaugurate the 1 million ton/year Thi Vai Liquefied Natural Gas (LNG) Terminal.
Speaking at the ceremony, Deputy Prime Minister Tran Luu Quang emphasized: The project, invested in and put into operation by the Vietnam National Oil and Gas Group ( Petrovietnam ), is an important item contributing to realizing the Party and Government's policy on orientation and planning for overall national energy development, shifting energy towards green, clean and sustainable direction.
In particular, the project will pave the way for the largest imported LNG product (1 million tons) to be available in the Vietnamese market, officially putting Vietnam on the global LNG map and marking an important step in the process of energy transition towards green, clean and sustainable.
Deputy Prime Minister Tran Luu Quang listened to an introduction about the operation process of Thi Vai LNG Terminal.
Recognizing and appreciating Petrovietnam's development results in gas infrastructure and services, the Deputy Prime Minister stated that the Power Plan VIII determined that by 2030 the total capacity of LNG power plants would be 22,400 MW, accounting for nearly 15% of the total power source capacity, while Vietnam only has 1 Thi Vai LNG gas storage with a capacity of 1 million tons/year and the Group is completing the construction of 2 Nhon Trach 3 and 4 gas power plants using LNG from Thi Vai LNG storage.
LNG electricity is also a new field in Vietnam, so there will be certain difficulties and obstacles in terms of policy mechanisms, so it is necessary to have the attention and investment of Petrovietnam as well as the support of ministries, branches and localities in the process of implementing gas electricity projects.
Deputy Prime Minister Tran Luu Quang presents gifts to PV Gas workers.
To effectively implement the goals of LNG power development according to approved plans, the Deputy Prime Minister requested Petrovietnam and its member units to: accelerate the investment in the construction of Nhon Trach 3 and 4 Power Plants to soon put the entire Thi Vai LNG Power Chain into synchronous operation; continue to study the investment in phase 2, increasing the capacity of the Thi Vai LNG warehouse project to 3 million tons/year according to the approved plan; at the same time, accelerate the investment in the Son My LNG Power Center Project and other key projects of the oil and gas industry.
Deputy Prime Minister Tran Luu Quang affirmed that the Government and the Prime Minister will always accompany, create the most favorable conditions and environment, and support Petrovietnam, its member units and all other investors in investing and developing energy and oil and gas projects, especially green, clean and sustainable energy in accordance with the Party's guidelines and the State's policies and laws.
Sending congratulations, good health and success wishes to all officials and workers in the oil and gas industry on this occasion, the Deputy Prime Minister hopes that PetroVietnam will always maintain its role as the country's leading economic group, leading the Vietnamese gas industry, and continue to make positive contributions to the country's industrialization and modernization.
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