In his go to to Hanoi on 12 November 2017, the US President Donald Trump witnessed the Signing Ceremony of the Memorandums of Understanding between PetroVietnam Gas JSC (PV GAS) and the US companions particularly the AES Corporation (AES) and the Alaska Gasline Development Corporation (AGDC).
The two Memorandums of Understanding between PV GAS and the US companions are:
1. The Memorandum of Understanding (MoU) regarding the Son My LNG terminal venture between the AES Corporation and PetroVietnam Gas Joint Stock Corporation. The MoU expresses AES’s curiosity in collaborating with PV GAS in creating the Son My LNG terminal venture. Son My LNG Terminal is a proposed LNG terminal in Binh Thuan Province, Vietnam.
2. The Memorandum of Understanding (MoU) for collaboration on LNG provide and upstream funding amongst PetroVietnam Gas Joint Stock Corporation and Alaska Gasline Development Corporation. The MoU expresses AGDC’s curiosity in collaboration with PV GAS in taking part in supplying LNG for LNG import initiatives in Vietnam in addition to in finding out and evaluating the alternatives of PV GAS in investing in and creating gasoline fields within the State of Alaska, US.
The LNG import initiatives together with Son My LNG terminal venture play a big position to PetroVietnam/PV GAS in particular and to the vitality trade of Vietnam usually by diversifying the gasoline sources in addition to assembly the rising demand of LNG/ gasoline and electrical energy in Vietnam within the years to come back for the advantage of the nationwide vitality safety and meals safety.
The signing of the MoUs with the US companions regarding the event of the terminal and the availability of LNG for LNG import initiatives in Vietnam would result in new alternatives for PetroVietnam/ PV GAS to ascertain the collaborative relationships with extra potential companions within the LNG subject.
Alaska Gasline Development Corporation (AGDC) is an impartial, public company of the State of Alaska working within the subject of financing and creating gasoline initiatives. AGDC is wholly owned by the State of Alaska and is the only real proprietor of the Alaska LNG venture. (Source and picture: PetroVietnam Gas)
The publish PETROVIETNAM GAS TO DEVELOP SON MY LNG TERMINAL PROJECT WITH US PARTNERS appeared first on Energy Global News.