It has been reported that Petrovietnam Gas (PV Gas) has issued its first term supply tender for LNG shipments from 2027 to 2031.
PV Gas wants to buy 20,700,000 MMBtu of LNG, or about 400,000 tonnes, on a delivered ex-ship (DES) basis to be shipped to the Thi Vai terminal, according to a tender document issued by the company, seen by newswires.
The tender is due to close on 24th September.
Vietnam began importing LNG in 2023, when the first cargo was delivered to the Thi Vai import terminal.
Operated by PV Gas, the terminal located near Ho Chi Minh City, will primarily supply two gas-fired power plants with a combined capacity of 1.5 GW.
Thus far, Vietnam has only imported LNG from the spot market. It bought five cargoes last year, according to data from analytics firm Kpler, and has also imported five cargoes this year to August.
