The parties discussed the status of the ongoing bilateral projects and the prospects of cooperation, with an emphasis on advancing power generation and LNG projects.
It was noted that the PVGAZPROM Natural Gas for Vehicles joint venture plans to start building a small scale LNG plant this year. The plant, which is slated to come onstream in 2020, will produce vehicle fuel for road and maritime transport. Competitive bidding for an EPC contractor is currently underway.
The parties also discussed the drafting of a new 10-year cooperation agreement between Gazprom and Petrovietnam.
