Unprecedented Achievement: Vietnamese Enterprise Simultaneously Sets Three National Records

According to information from Vietnam Gas Corporation (PV GAS), the company has recently been awarded three Vietnam Records. These accolades recognize PV GAS’s pioneering achievements in the exploration, operation, and processing of natural gas, significantly contributing to national energy security and leading Vietnam’s green transition.

PV GAS proudly received three Vietnam Records. The first is the Nam Con Son Gas Processing Plant—Vietnam’s largest gas processing facility. With a maximum capacity of 22 million m³ per day and night, the Nam Con Son Gas Processing Plant is currently Vietnam’s largest-scale gas processing plant (equivalent to approximately 8 billion m³ of gas annually).

In 2008, the second gas processing line was added, increasing the plant’s capacity to 20 million m³ per day and night. By 2011, the capacity was further raised to 21 million m³ per day and night, and by 2013, it reached its current maximum capacity.

In July 2017, the second gas delivery point connecting the Nam Con Son Gas Processing Plant and the Dinh Co Gas Processing Plant officially began operations, enhancing the efficiency of gas utilization and optimizing the system.

The second record is the Nam Con Son Gas Pipeline—Vietnam’s longest two-phase pipeline transporting natural gas and condensate, with the largest gas transportation capacity.

The Nam Con Son Gas Pipeline, constructed in 2001 and completed in just 18 months, is a two-phase pipeline with a total length of 371.09 km (including both onshore and offshore segments) and a diameter of 26 inches. It has a transportation capacity of up to 23.2 million m³ per day and night, delivering gas from fields in the Nam Con Son basin to the Nam Con Son Gas Processing Plant for processing and distribution to the Southeast region.

This pipeline is not only the longest and highest-capacity in Vietnam but also symbolizes PV GAS’s mastery of deep-sea technology and effective international cooperation in managing and operating strategic national energy resources.

The third record established by PV GAS is the operation of the Thi Vai LNG Terminal—Vietnam’s first liquefied natural gas (LNG) terminal (since 2023). The Thi Vai LNG Terminal marks a historic milestone, ushering Vietnam into the era of clean LNG fuel.

Constructed by PV GAS in 2019 and commercially operational since 2023, this terminal is Vietnam’s first, largest, and most modern LNG facility—a symbol of the new stature of Vietnam’s gas industry. It features a port capable of receiving LNG carriers up to 100,000 DWT, storage tanks with a capacity of 180,000 m³, and an average throughput of 1 million tons of LNG per year. Phase 2 is expected to increase capacity to 3 million tons annually.

In terms of business performance, during the first six months of 2025, PV GAS recorded nearly VND 55.756 trillion in net revenue and over VND 7.571 trillion in post-tax profit, representing increases of 4.5% and 27%, respectively, compared to the same period in 2024.

By revenue structure, the dry gas, LNG, and LPG segments remained the core business, generating nearly VND 53 trillion for PV GAS in the first half of the year. Domestically, operations contributed VND 62.988 trillion, equivalent to 112.9% of total revenue before internal eliminations, while the Singapore market contributed VND 2.796 trillion, accounting for approximately 5% of consolidated revenue.

Notably, after just the first two quarters of 2025, PV GAS has achieved over 75% of its annual revenue target and surpassed its full-year profit goal by 143%.