PV GAS Plans Up to 100 Trillion VND Investment for Gas Infrastructure Development
PV GAS aims to raise between 60 trillion and 120 trillion VND for gas infrastructure projects by 2030. The company is diversifying its supply sources and collaborating with partners to maintain its leading position in Vietnam's LNG market amidst increasing competition and supply challenges.
Theia Market Signal Identification - AI Assisted
PV GAS plans to invest approximately 60 trillion to 100 trillion VND for gas infrastructure projects by 2030 and has prepared funding scenarios. The company is currently working with Nebula to explore a gas-electricity-data center value chain in Vung Ang.
PV GAS has diversified its LNG and LPG supply from sources like the US and Australia to meet industrial demand. The company anticipates reaching a gas supply of about 11 billion m³ by 2030, with over 3 billion m³ coming from LNG.
Despite a projected revenue increase of 4% in 2026, the company expects a nearly 22% decline in net profit due to rising LNG import costs. Market share in Cambodia stands at 65-70%, while domestic LPG market share has exceeded 80% at times.
Comments