Result 2018:
13.97

Crude oil
Million Tons

10.01

Gas exploited
Billion M3

170

Electricity
Billion KWhs

1.63

Fertilizer
Million Tons

9.34

Petroleum
Million Tons

PVN delegation visits and works with Australian partners

On 22nd August 2019 in Hanoi, on the official visit to Vietnam of Australian Prime Minister Scott Morrison, Prime Minister Nguyen Xuan Phuc introduced Vietnam National Oil and Gas Group (PVN) and proposed to promote cooperation for energy, oil and gas between PVN and Australian Corporations/ Companies. With the consent of the Prime Minister, PVN delegation led by Mr. Tran Sy Thanh, Chairman of the Board of Directors visited and worked with Australian partners from 14th to 19th October 2019. Joining the delegation were Mr. Do Chi Thanh – Vice President of the Group and leader of the Administration Office, Mr. Duong Manh Son - PV Gas General Director, Mr. Pham Viet Anh - PV Trans General Director, Mr. Nguyen Manh Tuong - PV Power Deputy General Director and PV Coal, PV Gas D.

During the time in Australia, PVN delegation worked with Origin Energy and Woodside on the chance for cooperating and supplying LNG to Vietnam market and with Yancoal Australia Ltd. (Yancoal), Glencore on the chance for supplying coal, transportation. 

Origin and Woodside are the two big Australian corporations accompanying Prime Minister Scott Morrison to visit and work in Vietnam. Origin Energy has invested in Vietnam in the upstream field (Block 121 offshore Vietnam), but in Australia, Origin Energy operates mainly in the field of gas and deep processing. Woodside is headquartered in the oil and gas city of Perth, Western Australia, is Australia's leading group in the fields of gas, LNG, LPG and gas-processed products. Woodside really wants and is interested in supplying LNG to Vietnam market and is particularly interested in cooperating with PV Gas in this field. 

Overview of meeting with Woodside

Yancoal is one of Australia's largest coal mining enterprises, established in 2004, in which the largest shareholder is Chinese with 62.26% shares. In the field of thermal coal, Yancoal has mastered the supply chain, including: exploration and development; exploitation and production; processing, mixing and logistics. Yancoal has a diverse product portfolio and can process and mix different types of coal according to customer needs. 

Glencore is a multinational Trading and Exploitation Corporation based in Baar, Switzerland with 90 representative offices in 50 countries and nearly 160,000 employees, ranked the 10th among 500 largest companies in the world by Fortune Global. Glencore is trading in about 90 items, in three main industries: Metals & Mining, Energy (oil and coal) and Agriculture. In the field of coal, Glencore has affirmed its position in the entire supply chain, including: exploration and development; exploitation and production; processing, blending and logistics with owning and contributing capital in 28 coal mines in Australia, South Africa, USA, Indonesia and Colombia.

Also in Australia, PVN and the units worked with such partners as Santos, Chevron and Welhunt Corporation on the fields of supplying gas, LNG, coal and minerals. These are also big and potential partners, among them, Santos and Chevron have had oil and gas activities in Vietnam. 

 PVN delegation at the meeting with Yancoal

In general, PVN business trip to Australia went well, the Australian partners highly appreciated the relationship and chance to cooperate with PVN in the fields of gas, minerals and energy, etc. Especially, the Chairman of the Board of Directors who led the delegation expressed interest and seeking for investment cooperation opportunities between PVN and Australian partners, in accordance with the conditions for bilateral economic cooperation between the two countries, as well as in line with the content of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) that both countries are members. 

Exploration & Production