PV GAS and ENEOS Xplora seek expanded gas and LNG cooperation

Petrovietnam Gas Joint Stock Corporation (PV GAS) and ENEOS Xplora Inc. are exploring expanded cooperation within the gas and liquefied natural gas (LNG) value chains and various energy projects.

The partnership, which includes ENEOS Xplora’s subsidiary Japan Vietnam Petroleum Company Ltd. (JVPC), has a history spanning over two decades. Their collaboration began with the trading of associated gas from Block 15-2 and has since grown to include technical support for enhanced oil recovery, studies on floating storage and regasification unit (FSRU) options, and potential LNG supply through PV GAS’s existing pipeline network.

In 2025, the companies signed a new associated gas purchase and sale contract for Block 15-2 under a production sharing contract, which remains valid until 2050. Recent discussions focused on optimizing associated gas from Block 15-2 while maintaining operational safety and economic efficiency, leveraging PV GAS’s infrastructure and ENEOS Xplora’s regional expertise in LNG portfolio management.