Commodity Market Report
Vietnam Gas Markets H1 2020 long-term outlook
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The addition of coal-fired powerplants will keep gas demand for power in Vietnam flat until 2023. Power accounts for 67% of the country's gas demand. From 2024 onwards, gas demand for power is expected to grow at whopping 11.3% y-o-y, on average. However, Vietnam's gas market is supply constrained and risks gas shortages over the next few years. The development of Blocks B&52, in Southwest Vietnam, will only materialize later in the decade. In the Southeast region, LNG will help offset domestic gas production decline. In Central Vietnam, far from the gas demand centres, two large gas discoveries, Ca Voi Xhan and Ken Bau, are the most significant gas discoveries in the country. This report presents Wood Mackenzie's view of Vietnam's gas market including our latest supply-demand balance, policy and regulation, gas infrastructure, market structure and gas prices.
Table of contents
- Growing gas demand will drive development of non-disputed offshore areas
- No end in sight for tensions in the South China Sea
- Expect further delay in the Ca Voi Xanh (CVX) development
- Jadestone’s Nam Du and U Minh field development delayed amid coronavirus chaos
- Environmental concerns and geographical constraints favour gas over coal plants
- Uniform gas price in power sector set to level playing field between piped gas and LNG-fuelled plants
- Power and renewables report
- Climate policy
- Renewable energy target
- New policy to streamline public-private partnership processes
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Key stakeholders
- Key offices
- Ministries/agencies
- Key Vietnamese companies
- PetroVietnam's privatisation drives
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Energy policy
- Competition
- Fuel mix
- Pricing
- 10 more item(s)...
Tables and charts
This report includes the following images and tables:
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Vietnam regional summaryGDP forecastTotal potential gas supply available: Vietnam
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Vietnam gas supply sourcesSoutheast Vietnam gas pipelines and fieldsSouthwest Vietnam gas pipelines and fieldsNorth Vietnam gas pipelines and fieldsVietnam gas infrastructureVietnam total gas demandSoutheast Vietnam total gas demandPower sector gas usersSouthwest Vietnam total gas demand
- 30 more item(s)...
What's included
This report contains:
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