PVN and GAZPROM extend the Cooperation in gas power sector
Recently, in Moscow , Gazprom CEOMr. Alexey Miller and PVN CEO Mr. Nguyen Vu Truong Son had a working meeting on bilateral cooperation in petroleum exploitation in Vietnam and Russia as well as the joining perspective cooperation in gas power development and LNG transportation means.
Gazprom has participated in developing Hai Thach – Moc Tinh gas field since 2003 so far with a total amount of 6.6 billion cubic meters. In 2016, two sides exploited 2 billion cubic meters from this field as planed and completed 5 year drilling program with drilling 16 wells in petroleum fields of Vietnam as committed.
Hai Thach – Moc Tinh field belongs to 05-2 and 05-3 lots on Vietnam continental shelf operated by PVN Bien Dong Petroleum Operating Company (BDPOC). Representative of Gazprom in this project is Gazprom International, a company specializing to implement the petroleum projects outside the Russian territory.
In the world energy market, Gazprom is not only a potential exporter but also a reliable and stable energy supplier.
In the meeting two sides also compared notes on geological exploratory progress at 112 and 129 – 130 lots on Vietnam continental shelf, developing Nagumanovskoye oil-gas-condensate and Severo – Purovskoye gas-condensate projects in Russia, as well as the joining perspective cooperation in gas power development and LNG transportation means.
Gazprom is a largest group of Russia participating in world energy market, considerably contributing to global energy stability and security.
The specific characteristic of Gazprom is that it is both a producer and a supplier of energy resources with the large reserves, modern infrastructures and broad gas pipeline system.
Thanks to geographic position of Russia, Gazprom is still able to become an energy bridge between European and Asian markets and a supplier of transit gas transporting service from the other gas producers.