 Prime Minister Pham Minh Chinh receives Mr. Steven Kobos, President and CEO of Excelerate Energy Corporation (USA). (Photo: Duong Giang/VNA) |
Receiving Excelerate Energy President and CEO Steven Kobos in Hanoi on Thursday, PM Chinh lauded the signing of a memorandum of understanding (MoU) between the US firm and PV Gas, a unit of state-run Petrovietnam, urging the two sides to work closely together to ensure practical and effective cooperation.
PM Chinh agreed with Excelerate Energy's proposal to position Vietnam as a regional LNG distribution hub, while encouraging the firm to further explore opportunities to expand and deepen cooperation with Vietnamese partners in providing technological solutions and long-term LNG supply. The PM said these will contribute to enhancing Vietnam’s energy security, narrowing the trade deficit, and advancing the Vietnam – US relations.
 At the reception (Photo: Duong Giang/VNA) |
Chinh expressed his hope that Excelerate Energy will develop a LNG supply chain in Vietnam, including building modern and smart LNG storage facilities and transferring technology and management expertise to help Vietnam operate its LNG sector efficiently.
He said Vietnam aims to develop LNG storage and distribution centers to serve both domestic demand and the wider ASEAN region, including power plants supplying electricity to ASEAN, calling on the US firm to cooperate with Vietnamese partners to begin construction of LNG storage and distribution facilities in Vietnam within this year or in 2026.
