Vietnam's PV Gas boosts domestic LPG output to compensate for shortfall caused by Iran war
PV Gas, a unit of Vietnamese energy group Petrovietnam, is boosting its domestic production of liquefied petroleum gas (LPG) by 5% to compensate for a shortfall caused by the Iran war.
The additional output will come from PV Gas' Dinh Co and Ca Mau gas processing plants in southern Vietnam, Petrovietnam said in a statement.
70% of Vietnam's LPG imports come from the Middle East, Petrovietnam said.
PV Gas is selecting a supplier for its third cargo of liquefied natural gas (LNG) for the first half of this year, Petrovietnam said, adding that the first two cargoes weighing 70,000 tons each came from Qatar and Southeast Asia.
PV Gas has sufficient LNG for its clients until end-April, Petrovietnam said.
PV Gas' trading arm on Monday warned customers of delays in deliveries following supply disruptions caused by the conflict in the Middle East.
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