Agribank and PVEP sign credit agreement for major gas projects

Agribank PVEP gas project energy security credit agreement

Agribank and the PetroVietnam Exploration Production Corporation (PVEP) signed a credit agreement in Hanoi on September 22, 2026, to finance the development of the Lot B&48/95 and Lot 52/97 gas fields located offshore Southwest Vietnam.

This national key project is managed by the Phu Quoc Petroleum Operating Company (Phu Quoc POC). The project aims to supplement the gas supply for power plants, which is essential for ensuring national energy security and enhancing economic autonomy. The gas from these fields is intended to support the Lot B - O Mon gas-to-power chain, with a target for the first gas from Lot B to be achieved no later than the third quarter of 2027.

Entities

Agribank · Lot B&48/95 and Lot 52/97 · PVEP · Phú Quốc POC

Sources

Agribank-PVEP ký kết Hợp đồng tín dụng, đồng hành triển khai dự án năng lượng trọng điểm quốc gia [nhandan.vn]

9 days ago

Agribank - PVEP ký hợp đồng tín dụng tài trợ dự án Lô B&48/95 và Lô 52/97 (ngoài khơi Tây Nam Việt Nam) [nangluongvietnam.vn]

9 days ago

Agribank – PVEP ký kết Hợp đồng tín dụng, đồng hành triển khai dự án năng lượng trọng điểm quốc gia [tienphong.vn]

9 days ago