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Vietnam gas markets long-term outlook 2019

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24 July 2019

Vietnam gas markets long-term outlook 2019

Report summary

Numerous LNG import projects have been proposed in Vietnam since our last update driven by two factors. Firstly, increased interest in gas to power and secondly, potential gas supply deficits, particularly in South Vietnam. Will this impending supply crunch lead to accelerated development of proven resources or will LNG import projects progress further? Key highlights • PetroVietnam inks a binding HOA with PETRONAS for volumes from PM3 CAA and other fields to feed gas-short Southwest Vietnam Highlights • 10 regas projects proposed. Is now the time for LNG to take off in Vietnam? • PetroVietnam inks a binding HOA with PETRONAS for additional volumes from PM3 CAA and other nearby fields to feed gas-short Southwest Vietnam • Eni strikes gas in Central Vietnam and the development of Sao Vang/Dai Ngyuet sees progress • Gas price reform proposed in the power sector, although we anticipate delays in implementation

Table of contents

    • Continued tensions in the South China Sea weigh down on gas production outlook, presenting opportunities for LNG
    • Eni strikes gas in Central Vietnam, near existing Ca Voi Xanh find. However, commercialisation challenging without existing gas market
    • PetroVietnam eyes additional gas purchases from PM3-CAA as supply additions from Nam Du and U Minh unable to plug Southwest Vietnam gas deficit
    • 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
    • New policy to streamline public-private partnership processes
    • Key offices
    • Ministries/agencies
    • Key Vietnamese companies
    • Uncertainties surrounding top leadership in PetroVietnam persists
    • PetroVietnam's privatisation drives
    • Competition
    • Fuel mix
    • Pricing
    • Upstream
    • Transmission
    • Distribution
  • Upstream
  • Midstream and downstream
  • Gas supply availability
  • Gas maps
  • Gas demand overview
    • Southeast Vietnam gas demand (power)
    • Southeast Vietnam gas demand (non-power)
    • Southwest Vietnam gas demand (power)
    • Southwest Vietnam gas demand (non-power)
    • North Vietnam gas demand (power)
    • North Vietnam gas demand (non-power)
  • Central Vietnam
  • Central Vietnam gas demand
    • Southeast Vietnam gas balance
    • Southwest Vietnam gas balance
    • North Vietnam gas balance
    • Central Vietnam gas balance
  • Upstream gas prices
  • Current gas pricing trends
    • Power sector
    • Fertiliser
    • Industry
  • Gas price forecast

Tables and charts

This report includes 38 images and tables including:

  • Vietnam gas reserves: top 20 reserve holders*
  • Total potential gas supply available: Vietnam
  • Vietnam gas supply sources
  • Southeast Vietnam gas pipelines and fields
  • Southwest Vietnam gas pipelines and fields
  • North Vietnam gas pipelines and fields
  • Vietnam gas infrastructure
  • Vietnam total gas demand
  • Southeast Vietnam total gas demand
  • Power sector gas users
  • Southwest Vietnam total gas demand
  • Power sector gas users
  • North Vietnam total gas demand
  • Power sector gas users
  • Central Vietnam total gas demand
  • Power sector gas users
  • Current gas pricing: key upstream gas contracts
  • Vietnam end-user gas pricing against fuel oil
  • Gas price outlook to 2040
  • Vietnam regional summary
  • GDP forecast
  • Vietnam’s energy policy and regulatory structure
  • Major energy legislation
  • Vietnam gas market value chain
  • Non-power gas users
  • Industry sector gas users
  • Industry sector gas users
  • Southeast Vietnam supply demand gap
  • Southeast Vietnam balance
  • Cuu Long gas pipeline
  • Nam Con Son gas pipeline
  • Southwest Vietnam supply demand gap
  • Southwest Vietnam balance
  • North Vietnam balance
  • North Vietnam gas balance
  • Central Supply Demand Gap
  • Central Vietnam balance
  • Vietnam gas price to end-users

What's included

This report contains:

  • Document

    Vietnam_Gas_Data.xls

    XLS 1007.25 KB

  • Document

    Vietnam gas markets long-term outlook 2019

    PDF 2.07 MB

  • Document

    Vietnam gas markets long-term outlook 2019

    ZIP 2.17 MB