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Tokyo-headquartered Mitsui & Co. has finalized an investment decision to develop a gas field 330 kilometers off Vietnam’s southern coast, with its share of development costs estimated at $740 million.
State-owned Petrovietnam signed implementation deals with Japanese and Thai partners Monday for a $12 billion gas-to-power project at Block B-O Mon.
Contrasting Q2 results have been recorded across upstream, midstream and downstream firms in the Vietnamese oil and gas industry.
The outlook for Việt Nam’s emerging liquefied natural gas (LNG) sector remains promising as the country’s need for the product is large to serve its power development plan, according to Fitch Solutions.
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