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The Vietnamese government has approved a master plan to develop the national oil and gas storage system by 2030 with an estimated investment of VND270 trillion ($11.42 billion).
NS BlueScope Vietnam has spent 30 years asserting its presence in the market, with pioneering research and development at the forefront of its success.
Project investor Delta Offshore Energy (DOE) plans to complete work on the $4 billion LNG-to-power plant in the Mekong Delta province of Bac Lieu in 2029.
Vietnam is poised to become a regional leader in oil and petrochemical products with new production facilities in the pipeline and the industry attracting billions more in investment.
Petrovietnam, the state-owned group's arm PV Power, and private conglomerate T&T Group have signed agreements with South Korean partners that significantly enhance bilateral energy cooperation.