Business

PetroVietnam Gas starts up $439 mln LPG processing facility

Thursday, May 03, 2018, 12:30 GMT+7

PetroVietnam Gas JSC has started up a 10 trillion dong (US$439 million) gas processing plant in southern Vietnam to produce liquefied petroleum gas (LPG) to meet the nation’s rising fuel demand.

The Ca Mau Gas Processing Plant can produce 600 metric tonnes of liquefied petroleum gas and 35 tonnes of condensate a day, the company said in a statement late on Wednesday.

The facility will process natural gas from offshore southern Vietnam and the joint development area between Vietnam and Malaysia, PetroVietnam Gas said.

The government said in a separate statement the plant will meet around 10 percent of Vietnam’s demand for LPG.

$1 = 22,762 dong

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Reuters

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