Imported LNG tanker docks at PV GAS Vung Tau Port Warehouse - Photo: VGP/PD
Laying the foundation for Vietnam's gas industry
PV GAS was established on September 20, 1990, with the original name of Gas Company. The establishment of PV GAS marked an important milestone demonstrating the strategic vision of our Party and State in exploiting national gas resources in a systematic and comprehensive manner, laying the foundation for the modern gas industry in Vietnam. With the mission of supplying gas and gas products, PV GAS has played a key role in ensuring national energy security and supporting the development of the country's economy .
After its establishment, PV GAS made its first mark on April 26, 1995, when the first gas flow from the Cuu Long basin was brought ashore, supplying consumers in the Southeast region. This event opened the era of using natural gas as a source of raw materials and fuel for production and life; diversifying the energy source structure and contributing to ensuring national energy security, and at the same time being the first step for the Vietnamese gas industry to develop strongly.
The completion of construction and commissioning of Dinh Co Gas Processing Plant, PV GAS Liquid Product Storage and Export Port at the end of 1998 was an event of great significance in terms of technology, economy and society. For the first time, LPG and Condensate were produced in Vietnam.
Since May 1999, PV GAS has met most of the domestic LPG demand with good quality and competitive prices, replacing the products that Vietnam had to import from foreign countries.
This success not only affirms the capacity to optimize gas resources but also marks the first step in expanding the gas industry value chain from exploitation to processing, while also helping to increase the value of resources, bringing great economic and social benefits.
Expanding supply and enhancing stature
In 2002, the first gas flow from the Nam Con Son basin was brought ashore, supplying gas to the Southeast region. This event not only helped improve the energy supply capacity of the region but also created momentum for the development of deep processing industries such as petrochemicals and fertilizers.
Along with that, PV GAS has also succeeded in expanding the low-pressure gas supply network, bringing natural gas closer to consumers, contributing to improving the quality of life and developing industries.
In 2007, the first gas flow from Block PM3 & 46 – Cai Nuoc was brought ashore to supply consumers in the Southwest region. This was a milestone for the Vietnamese energy industry, contributing to ensuring food security, energy security and socio-economic development, creating jobs for the entire Southwest region. Also in this year, the unit became Vietnam Gas Corporation operating under the parent company - subsidiary model.
GPP Dinh Co landscape - Photo: VGP/PD
Equitization and capacity enhancement
In May 2011, PV GAS officially became a joint stock company, marking an important turning point in enhancing its ability to mobilize capital and expand its scale of operations. With the listing of shares on the Ho Chi Minh City Stock Exchange in 2012, PV GAS demonstrated transparency and efficiency in management, while consolidating its strong position in the gas industry.
In August 2015, the first gas flow from the Song Hong basin was brought ashore to supply consumers in the Northern region. In December 2015, the Nam Con Son 2 gas system came into operation...
Boosting gas processing and diversifying supply sources
During this period, PV GAS continued to affirm its leading position in the gas industry with major projects coming into operation such as the Ca Mau Gas Processing Plant and the Thi Vai LNG storage. These projects not only increase the added value of natural gas but also help diversify gas supply, meeting domestic and foreign consumption needs.
In addition, PV GAS also contributes to the development of the LNG market in Vietnam by becoming an LNG supplier for Nhon Trach 3 and 4 power plants, one of the important milestones in expanding the country's energy market.
5 core values of PV GAS: Safety - Professionalism - Innovation - Cooperation - Efficiency - Photo: VGP/PD
Towards a sustainable future
In 2025, PV GAS celebrates its 35th anniversary, marking a new development step in the journey to build a strong Vietnamese gas industry. PV GAS continues to invest in strategic projects, constantly innovate and develop sustainably. Important milestones, from bringing gas from large fields ashore to completing the energy solution supply chain, all demonstrate the aspiration to reach out and make great contributions to the country's socio-economic development.
Over the past 35 years, PV GAS has proven its pioneering position in the Vietnamese gas industry. With a clear strategic vision and the strength of solidarity from generations of leaders and employees, PV GAS is confident in continuing to contribute to the sustainable development of the country, rising to become a strong gas brand in the region and the world .
PV GAS is not only a testament to the outstanding efforts in developing the gas industry in Vietnam but also a shining example of responsibility, innovation and creativity. Along with the strong development of the economy, PV GAS is making constant efforts to maintain its leading role in ensuring national energy security, accompanying the country on its journey of growth, integration and sustainable development.
Phuong Dung
Source: https://baochinhphu.vn/dau-an-35-nam-hinh-thanh-va-phat-trien-cua-pv-gas-102250922144530004.htm
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