Luan Nguyen

Independent Insight Provider

Equity Bottom-Up

Petrovietnam Gas Joint Stock / Equity Bottom-Up

<p>With OPEC production cut, oil and gas stocks will benefit as oil prices recover. This is our second post on oil &amp; gas companies in Vietnam. To satisfy huge demand growth, GAS will push to develop Nam Con Son 2’s phase 2 project (7 billion m3/year) and Block B (7 billion m3/year) to put new gas stream into operation in 2020 and 2021, respectively. In 2021, PV GAS’ gas production capacity will double from 11 billion m3/year to 25 billion m3/year. Currently, gas from Nam Con Son phase 1 project is being connected from the Thien Ung &amp; Dai Hung field to Cuu Long pipeline, and then will be taken to the mainland. Upon completion, the Nam Con Son’s phase 2 pipeline will allow gas from the Thien Ung &amp; Dai Hung field to be taken directly to the mainland, as well as gas transmission from the White Lion field.</p>

With OPEC production cut, oil and gas stocks will benefit as oil prices recover. This is our second post on oil &amp; gas companies in Vietnam. To satisfy huge demand growth, GAS will push to develop Nam Con Son 2’s phase 2 project (7 billion m3/year) and Block B (7 billion m3/year) to put new gas stream into operation in 2020 and 2021, respectively. In 2021, PV GAS’ gas production capacity will double from 11 billion m3/year to 25 billion m3/year. Currently, gas from Nam Con Son phase 1 project is being connected from the Thien Ung &amp; Dai Hung field to Cuu Long pipeline, and then will be taken to the mainland. Upon completion, the Nam Con Son’s phase 2 pipeline will allow gas from the Thien Ung &amp; Dai Hung field to be taken directly to the mainland, as well as gas transmission from the White Lion field.

PV GAS, Vietnam's Number One Gas Company, Will Benefit from OPEC Production Cut