Strengthening cooperation with Qatar to help Vietnam become self-sufficient in gas-fired electricity production

(Chinhphu.vn) - On the afternoon of October 31, in the capital Doha, during his official visit to the State of Qatar, Prime Minister Pham Minh Chinh received Mr. Saad bin Sherida Al Kaabi, Minister of State for Energy Affairs of Qatar and CEO of QatarEnergy Company.

The Prime Minister asked Qatar to support Vietnam in the energy sector, increase and maintain regular supply of energy products such as crude oil, gas, chemicals, especially LNG to ensure electricity supply - Photo: VGP/Nhat Bac

Qatar's main resources are gas with reserves of more than 25,000 billion m3, ranking 3rd in the world; oil with reserves of 25.24 billion barrels (ranking 14th in the world), output of 1.53 million barrels/day. This is the world's largest liquefied natural gas (LNG) exporter. QatarEnergy is the state-owned oil and gas company of Qatar, responsible for managing all domestic oil and gas activities, and is one of the world's leading liquefied natural gas producers. At the meeting, Prime Minister Pham Minh Chinh said that he had a successful meeting with the Emir, Prime Minister and Speaker of the Qatari Parliament with many outstanding results. The two sides agreed to acknowledge the encouraging results in bilateral relations over the past 30 years (1993-2024); agreed on a number of specific orientations and measures to further enhance the effectiveness of bilateral cooperation in the coming time; agreed to set a goal of soon upgrading Vietnam-Qatar relations to a new level. In particular, energy cooperation (including traditional and new energy) is one of the priority contents, this is also a strong field of Qatar and Vietnam has a need for cooperation. The two sides agreed to negotiate an agreement on this content, assigning the Ministry of Industry and Trade of Vietnam and the Minister of State in charge of energy issues of Qatar to discuss specific measures to enhance cooperation.

The Prime Minister asked Minister of State Saad bin Sherida Al Kaabi to direct Qatar Energy Company to increase investment and promote oil and gas and energy cooperation with Vietnamese partners, especially with the Vietnam Oil and Gas Group... - Photo: VGP/Nhat Bac

The Prime Minister asked Qatar to support Vietnam in the energy sector, increase and maintain regular supply of energy products such as crude oil, gas, chemicals, especially LNG, to ensure electricity supply. The Prime Minister asked the Minister of State to direct Qatar Energy to increase investment and promote oil and gas and energy cooperation with Vietnamese partners, especially with the Vietnam Oil and Gas Group, to enhance Vietnam's autonomy in the field of gas-fired power production; as well as cooperate in implementing projects on oil and gas exploration, exploitation and processing, offshore wind power, solar energy, hydrogen, etc. The Prime Minister said that Vietnam is amending the Electricity Law and related regulations in the direction of reducing administrative intervention, increasing the initiative and autonomy of enterprises to further facilitate the operations and cooperation of foreign investors with domestic partners.

State Secretary Saad bin Sherida Al Kaabi highly agreed and fully supported the Prime Minister's cooperation proposals; affirming that these are very potential fields, especially electricity and LNG. The State Secretary will visit Vietnam to discuss and promote specific cooperation projects - Photo: VGP/Nhat Bac

For his part, Minister of State Saad bin Sherida Al Kaabi thanked the Prime Minister for the comprehensive and clear information provided; highly agreed and fully supported the Prime Minister's cooperation proposals; affirmed that these are very potential fields, especially electricity and LNG, and said that he is negotiating with the Vietnam Oil and Gas Group on cooperation projects. He assessed that Vietnam is expected to continue to achieve the highest growth rate in Asia, leading to high growth in energy demand; expressed support for negotiating and signing cooperation documents with Vietnam on energy and gas, and proposed negotiating an agreement on the production and supply of urea fertilizer - a product processed from oil and gas. Regarding new energy projects, the Company is ready to connect cooperative and investment enterprises with Vietnamese partners. The Minister of State said that he will come to Vietnam to discuss and promote specific cooperation projects. The State Secretary also agreed with Prime Minister Pham Minh Chinh's view that cooperation in this field needs to be long-term, stable, with a suitable roadmap and steps, "not missing cooperation opportunities". The Prime Minister suggested that prices follow the market mechanism, be public, transparent and suitable to the conditions of Vietnam as a developing country.

Government.vn

Source: https://baochinhphu.vn/day-manh-hop-tac-voi-qatar-de-viet-nam-tu-chu-san-xuat-dien-khi-102241031195717823.htm