PetroVietnam Gas gets Australian LNG cargo

PetroVietnam Gas, a unit of state-owned PetroVietnam, has received a cargo of liquefied natural gas from Australia as it increases LNG imports amid disruptions caused by the Middle East conflict.

On April 28, just ahead of the April 30–May 1 holiday period, PV Gas promptly imported over 71,000 tons of LNG from Australia and 45,000 tons of LPG from the United States, ensuring a stable energy supply to meet both domestic demand and export requirements, the company said in a statement.

The LNG carrier Pacific Success delivered the LNG shipment to the PV Gas-operated Thi Vai LNG import facility.

According to its AIS data provided by VesselsValue, the 2024-built 174,000-cbm Pacific Success, owned by Sinokor, delivered the cargo from the Australia Pacific LNG plant on the Curtis Island, Gladstone.

PV Gas said it continues to arrange additional LNG shipments for the second quarter of 2026, including one scheduled for delivery between May and June.

In parallel with import operations, PV GAS is continuously coordinating with the National System and Market Operator (NSMO), the Vietnam Electricity Group (EVN), and the Vietnam Oil and Gas Power Corporation (PV Power) to update consumption demand, market trends, and select appropriate timing for LNG procurement.

At the same time, PV GAS maintains regular communication with international suppliers to monitor supply conditions and capitalize on optimal purchasing opportunities, it said.

These measures “demonstrate an increasingly robust LNG supply chain management capability, ensuring the ability to meet demand amid volatile market conditions.”

Regarding LPG for industrial production and residential use, PV Gas imported over 45,000 tons from the United States via the vessel Jenggala 21.

PV Gas expects that by May 2026, import volumes will reach approximately 100,000 tons, contributing to the total import volume for the second quarter of 2026—expected to reach nearly 300,000 tons—with diverse sources from the United States, the Middle East, and other regions.

In addition to domestic demand, PV GAS is also serving several export markets such as Cambodia and the Philippines.

“Expanding supply sources beyond the traditional Middle East region helps mitigate the risk of dependency while enhancing PV Gas’s operational flexibility in managing LPG and LNG supply,” the company added.

PV Gas received two LNG shipments from Brunei and Malaysia, totaling approximately 60,000 tons, equivalent to about 80 million Sm³ of natural gas, in early April.

This brings the cumulative total to over 123,000 tons of LNG since the beginning of 2026, ensuring a stable gas supply for power generation during the peak dry season, PV Gas said earlier this month.

Before these shipments, PV Gas received a cargo of LNG from Qatar at its Thi Vai LNG import terminal, the company’s first LNG import shipment in 2026.

The QatarEnergy-chartered 174,000-cbm LNG carrier, Fat’h Al Khair, docked at the Thi Vai LNG terminal on March 10, carrying approximately 63,000 tons of LNG.

Notably, the ship departed the Middle East and passed through the Strait of Hormuz before military tensions in Iran erupted, PV Gas said.

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