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2 clusters · 7 sources · 1 days · First seen 26 days ago · Last updated 26 days ago

Vietnam oil and gas industry development

Overview

Vietnam is accelerating several major billion-dollar oil and gas projects to address declining domestic energy supplies. Data indicates a significant drop in production, with crude oil output projected to fall from 18.7 million tons in 2015 to 9.64 million tons in 2025, while dry gas production is expected to decrease by nearly 49% over the same period.

To counter these declines, key projects such as Lo B - O Mon, Lac Da Vang, Su Tu Trang 2B, Khanh My - Dam Doi, and Ca Voi Xanh are slated for the 2026-2030 period. While these initiatives aim to stabilize energy security and meet electricity demands, some face hurdles; for instance, the Ca Voi Xanh project is awaiting the resolution of commercial issues before reaching a Final Investment Decision, which may delay gas production until after 2030.

Entities

Vietnam · Kafi Research · Vietnam Steel Association · PVD · Petrovietnam

Timeline

26 days ago

[BUSINESS] 5 sources
Vietnam accelerates major oil and gas projects to offset production decline
Vietnam is launching several major oil and gas projects between 2026 and 2030 to offset a significant decline in domestic crude oil and gas production.
26 days ago

[BUSINESS] 2 sources
Vietnam crude steel production rises 28% in first seven months of 2026
Vietnam's crude steel production rose 28% to 17.92 million tons in the first seven months of 2026, significantly outpacing general industrial growth.

Sources

baogiaothong.vn · biz.cafef.vn · cafebiz.vn · cafef.vn · soha.vn · thanhnien.com.vn · tienphong.vn