Commodity Market Report
Vietnam gas market outlook
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Report summary
Vietnam gas demand will soar after 2023, rising at double-digit rates each year until 2030 as power demand and anti-coal sentiment grow across the country. In 2020, power accounted for 76% of the country's gas demand. Vietnam's gas market is supply-constrained and risks domestic gas supply shortages over the next few years until LNG imports pick up. In our latest Vietnam gas market outlook, we explore the following key questions: - What's the latest gas demand outlook across power and non-power sectors? - How would the domestic gas supply outlook build up and result in supply-demand balance? - Is the gas infrastructure available to meet the supply-demand gap on a regional basis? - Who are the existing and emerging key players in the country's gas business? This report presents Wood Mackenzie's view of Vietnam's gas market including our latest supply-demand balance, market structure, policy & regulation, gas infrastructure, and gas prices.
Table of contents
- Strong economic growth drives greater energy demand despite Covid-19
- Power sector remains the key gas consumer
- Domestic gas uncertainty exists with fields facing challenged commercialisation
- Draft PDP VIII highlights gas power capacity targets to increase for 2030
-
Covid-19 impact and high LNG prices delay country’s first LNG imports
- Key stakeholders
- Key offices
- Ministries/agencies
- Key companies
- Energy policy
- Climate policy
- Renewable energy target and policy
-
Gas market regulation
- Upstream
- Transmission
- Distribution
- Gas pipeline infrastructure
- LNG infrastructure
- Regional gas maps
- Economic outlook
-
Demand outlook
- Power sector
- Non-power sector
- Supply outlook
-
Gas supply-demand balance
- Gas pricing
- Upstream gas prices
- Current gas pricing trends
-
End-user gas prices
- Power sector
- Fertiliser
- Industry
- Gas price forecast
-
Southeast Vietnam
- Demand
- Power sector
- Non-power sector
- Supply
- Trade
- Supply-demand gap
- Supply-demand balance
-
Southwest Vietnam
- Demand
- Power sector
- Non-power sector
- Supply
- Trade
- Supply-demand gap
- Supply-demand balance
-
North Vietnam
- Demand
- Power sector
- Non-power sector
- Supply
- Trade
- Supply-demand gap
- Supply-demand balance
-
Central Vietnam
- Demand
- Supply
- Trade
- Supply-demand gap
- Supply-demand balance
- Gas demand risks
- Limited gas pipeline infrastructure limits gas market development
- Lack of a policy and regulatory framework
- Opportunities
- Environmental concerns and geographical constraints favor gas over coal plants
- Investment in midstream and downstream gas infrastructure
Tables and charts
This report includes 43 images and tables including:
- Existing gas market value chain
- North-Central Vietnam gas pipelines and fields
- Southeast Vietnam gas pipelines and fields
- Southwest Vietnam gas pipelines and fields
- Vietnam gas pipeline infrastructure
- Vietnam total gas demand
- Total potential gas supply available: Vietnam
- Regional gas supply sources
- Gas supply-demand balance
- Gas pricing: key upstream gas contracts
- End-user gas pricing against fuel oil
- Gas price outlook to 2050
- Gas and LNG network
- Power capacity outlook
- Power generation outlook
- Regional power sector gas demand outlook
- Regional non-power gas demand outlook
- Vietnam gas price to end-users
- Southeast Vietnam total gas demand
- Power sector gas users
- Non-power sector gas users
- Southeast Vietnam supply-demand gap
- Southeast Vietnam gas balance
- Cuu Long gas pipeline
- Nam Con Son gas pipeline
- Southwest Vietnam total gas demand
- Power sector gas users
- Non-power sector gas users
- Southwest Vietnam supply-demand gap
- Southwest Vietnam gas balance
- PM3 CAA-Ca Mau gas pipeline
- Block B-to-O Mon (or Kim Long) gas pipeline
- North Vietnam total gas demand
- Power sector gas users
- Non-power sector gas users
- North Vietnam supply-demand gap
- North Vietnam gas balance
- Central Vietnam total gas demand
- Power sector gas users
- Central Vietnam supply-demand gap
- Central Vietnam gas balance
- Vietnam regional summary
What's included
This report contains:
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