News Feed

World Bank Report: Vietnam Will Need Up to 17 billion tonnes of Gas Imports Annually After 2025

Posted on : 24 Dec, 2010

 

Viet Nam will have to import up to 17 billion tonnes of gas for domestic use annually after 2025 despite its sizeable reserves of natural gas, a senior official has said.

 

The gas sector is facing multiple challenges, including greater demand for gas and a potential gas shortage, which may become worse if a few key decisions for change are not made soon, the report says.

 

“Development of the natural gas sector is a key component of Viet Nam’s overall economic policy and is prominent within the National Strategy for Energy Development,” said Alain Barbu, Acting World Bank Country Director for Viet Nam.

 

According to the report, Viet Nam’s gas sector has tremendous potential that can be realised by 2025 with concerted and coordinated efforts by public agencies and their private partners.

 

(Source: Vietnam Business News, Nov 13, 2010)

 

According to the World Bank report, the natural gas sector is set to triple in size over the next 15 years. Vietnam must look to development of her untapped gas potential in order to remain competitive in the gas market.

 

Top energy experts will gather at the 13^th VOGP in Hanoi on 24-25 February 2011 to provide latest updates on the country’s gas trade and market overview. Topics will touch on offshore exploration opportunities, developments under Master Plan VI, prospects for biofuel and more.

 

Click here for program agenda, or submit any questions to huiyan@cmtsp.com.sg now.