Petrovietnam Launches Construction Of $1 Billion Gas Pipeline Project In Can Tho City, Vietnam

Published: 28-Nov-2009

Vietnam Oil and Gas Group (Petrovietnam) said that Vietnam's Prime Minister, Nguyen Tan Dung has launched the construction of a gas pipeline project that will connect Block B to O Mon offshore the south-western coast to Can Tho city. The $1 billion project will include 246 kilometers of pipeline under the sea and 152 kilometers on land passing through Kien Giang, Ca Mau, Bac Lieu, and Hau Giang provinces and the city of Can Tho.

Chevron Corporation, which holds 43% of the shares in a joint venture enterprise to exploit gas offshore the southwest sea, will construct the pipeline under the sea, while Petrovietnam is responsible for the overland section.

Tan Dung emphasized the role of the pipeline in ensuring Vietnam’s energy security, saving foreign currency, protecting the environment, and linking up with the regional gas pipeline system.