27-28 Feb, 2012 - HCM City, VIETNAM
Mövenpick Hotel Saigon
Mövenpick Hotel Saigon
New Opportunities in Vietnam's Burgeoning Energy Sector
Vietnam's rapid industrial development has seen the country struggling to keep up with an accelerated growth in demand for energy. Many changes are brewing in Vietnam's energy sector as the country has recently announced several changes and plans to meet this demand.
As aging fields fall short of meeting its energy requirements, the country looks set to exploit their abundant natural resources available. The Vietnam Oil & Gas group, Petrovietnam, launched a licensing round for nine offshore oil and gas blocks in Southern Vietnam last August, the first in four years.
Great importance has been placed on the import of LNG as domestic supply fails to meet local demand from the power sector and other industrial users. Plans for Vietnam's first LNG terminal have been kick started, and PV Gas has been sourcing for cargoes from overseas suppliers for when the terminal is completed in 2015. Domestic production of LPG will also be ramped up from its upcoming refineries to reduce the reliance of LPG imports. To meet these massive goals, the country's gas sector will need billions of dollars in investments in upcoming years.
Vietnam's dramatic growth in the past decade has put a strain on existing capacity, resulting in several power shortages and unstable supply especially during the dry season when there is a shortfall of hydropower. The Power Masterplan VII, which was approved last July, highlights capacity addition up to 2020 and places emphasis on improving power networks, technologies and efficiencies. Vietnam also aims to put the first nuclear power plant in South East Asia into operation by 2020 and places priority on power derived from renewable sources.
An estimated USD48.8 billion of investment will be required for power projects up to 2020, and the country has already taken the first steps in implementing market based power pricing to attract investments in the power sector.
Gain first hand information on the latest exciting developments in Vietnam's energy sector. Join us at CMT's 14th Vietnam Oil, Gas & Power conference! |
Multiple benefits include:
Register with your team now by visiting our website at www.cmtevents.com or emailing huiyan@cmtsp.com.sg to enjoy minimum discounts of USD900 for groups of 3 or more!
You will network with: CEOs, Presidents, GMs, |
| PROFILE OF PAST YEAR ATTENDEES |
EVENT PHOTO ALBUM
| Related articles for your reference and reading pleasure: |
Sembcorp to explore feasibility of developing Vietnam power plant- Channel News Asia |
| Contract for new Vietnam thermo-power plant signed - Baomoi.com |
| EVN to borrow over US$3 billion for power projects - EPRONEWS |
| PHI to Build Coal Power Plants in Vietnam - BreakBulk |
| SKorea, China firms in Vietnam power deal - Asiaone business |
ADB announces $730 mln loans to assist Vietnam’s power transmission - Saigon GP Daily |
JAKS to expand power project in Vietnam - Thestar online |
| Kuwait Petroleum unit to drill for crude, gas in Vietnam - Arabian Business.com |
The state-owned Vietnam National Coal-Mineral Industries Group (Vinacomin) is anticipated to export about 13.5 million tons of coal worth US$1.3 billion. The coal and mineral giant will supply 45.5 million tons of coal with 32 million tons locally and 13.5 million tons overseas. The Government has also assigned Vinacomin to supply imported coal for power stations with 10 million tons by 2015 and 65 million tons by 2020. The company will export high-quality coal to Japan and other countries at a price of around US$200 a ton this year commented Bui Van Khich, Vinacomin’s deputy general director.
More on Imports and exports, local consumption and price trends, growth of coal for power production and strategies to manage high demand for coal will be shared by Mr. Nguyen Van Bien, Vice President and EO of VINACOMIN in his presentation entitled Vietnam’s Coal Market at CMT’s 14th VOGP 2012 to be held on 27-28 Feb, 2012 in HCM City.
To preview all presentation topics, Request Conference Agenda or send your enquiries to huiyan@cmtsp.com.sg
Read complete article here.
13 Feb, 2012
South Korea’s Daelim Industrial Company has signed a MOU with Vietnam’s Petrolimex to build a multi-billion dollar mega oil refinery and petrochemical project with total production capacity of 10 million tonnes per year starting construction by 2014-2015. The refinery is anticipated to be built in the central province of Khanh Hoa and is set to be one of the largest oil refinery and petrochemical projects in Vietnam. This investment could make South Koreas Daelim the first foreign investor in the project worth up to $4.8 billion.
Vietnam’s E & P scene is one of the most developed in South East Asia showing promising potentials. As indicated, there is a need for future investments in both upstream and downstream production in order to tap the country’s resources effectively. To elucidate this further, CMT’s 14th VOGP 2012 to be held on 27-28 Feb, 2012 in HCM City will reflect on opportunities in Vietnam’s upstream and downstream sectors.
The 1.5 day meet is already attracting participation from key oil & gas industry executives, as well as professionals from Oil & Gas & Petrochemical Companies, Government Officials, Energy Consultants, Additives and Catalyst Companies, Project Financiers, Storage & Terminal and EPC Companies.
Those keen to participate and join representatives of the oil, gas & power value chain from countries around the world may Click here to register online. For complete program agenda visit official event website at http://www.cmtevents.com/eventschedule.aspx?ev=120209& or email huiyan@cmtsp.com.sg
Source: Reuters
25 Jan, 2012
Multi-billion dollar power projects are anticipated to be a shining light in Vietnam’s investment picture. To solve its frequent power outages, Vietnam plans to raise $48.8 billion for power plants and transmission projects in 2011-2020 . As reported, National Power Transmission Corp will develop 300 and 350 transmission projects over the next 5 years in Vietnam with an estimated capital investment of US$1 billion per year.
In line with above developments, CMT’s forthcoming 14th VOGP 2012 summit in Ho Chi Minh City on 27-28 Feb, 2012 is well-timed and poised to deliver the following line-up of expert speakers with their insights on latest developments in power projects :
For the rest of topics and speaker information, view Preliminary Agenda here. Or for additional details, email huiyan@cmtsp.com.sg
16 Dec, 2011
CMT is pleased to host 14th VOGP 2012 to be held on 27-28 Feb, 2012 in HCM City to bring together leading experts to discuss the latest developments and investment opportunities in Vietnam’s energy sector giving a detailed approach in the upstream and downstream sectors, coal, LNG, LPG, latest tax policies and regulatory framework, power generation and transmission.
Amongst some of the latest developments in Vietnam which will be discussed at CMT’s 14th VOGP 2012 are:
The program details are currently being finalized, anticipated to be completed soon. For now, to reserve seats, one can pre-register here. For additional information, email Ms Huiyan, huiyan@cmtsp.com.sg
24 Nov, 2011
