PetroVietnam Gas launches spot LNG cargo tender

PetroVietnam Gas, a unit of state-owned PetroVietnam, has released a new tender inviting firms to submit bids for one spot LNG cargo for delivery to the Thi Vai LNG import terminal.

According to a tender document posted on the company’s website, the cargo, with a quantity of 3,200,000 MMBtu, will be delivered from April 2 to April 7.

PV Gas said the specific quantity requirements “shall be written in the term sheet.”

The company launched the tender on Tuesday, and it closes on February 6.

Based on the previous announcements, PV Gas has not issued a tender for spot LNG cargoes since May 2025.

However, in August 2025, PV Gas launched a tender seeking a five-year term deal for LNG supplies.

This was the first time PV Gas sought term LNG supplies.

Last month, PV Gas awarded this tender to a subsidiary of UK-based LNG giant Shell.

Under the term contract, Shell Eastern Trading will supply 20,700,000 MMBtu of LNG, or approximately 400,000 mt, per annum on a delivered ex-ship (DES) basis.

The LNG supplies will be delivered to the PV Gas-operated Thi Vai LNG terminal from 2027 until 2031.

Launched in 2023, Vietnam’s first LNG import facility currently has a capacity of 1 mtpa, and it consists of one 180,000-cbm LNG tank, a jetty, and a regas area.

PV Gas plans to triple the capacity to 3 mtpa.

The company is also working on the Son My LNG import terminal project, LNG terminals in northern and north-central Vietnam, and the PV Gas-Hai Phong LNG port.

In addition, PV Power, a sister company of PV Gas, launched commercial operations at its Nhon Trach 3 and 4 LNG power plants in December last year.

Vietnam’s first LNG power plants have a total capacity of 1.6 GW.

Last year, PV Gas signed a long-term contract with PV Power to supply the latter’s Nhon Trach 3 and Nhon Trach 4 power plants with LNG.

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