The State pays great attention to sustainable development of the oil and gas industry.

Prime Minister Pham Minh Chinh said that in the strategy and master plan for national energy development, the Party and State pay great attention to the sustainable development of the oil and gas industry , especially the development of the gas industry.

On the morning of October 30, Prime Minister Pham Minh Chinh attended the signing ceremony and implementation of the Block B - O Mon gas and power project chain between the Vietnam Oil and Gas Group ( Petrovietnam ) and its partners.

The Prime Minister said that the Lot B - O Mon gas and power project chain is a key national oil and gas project, the largest gas and power project chain in Vietnam at present. In the strategy and master plan for the overall development of national energy, the Party and State pay great attention to the sustainable development of the oil and gas industry , especially the development of the gas industry. The Lot B - O Mon gas and power project chain is a complex of large-scale projects, of strategic importance in balancing energy supply and demand in the period after 2025 in the southwestern region in particular and the whole country in general.

Prime Minister Pham Minh Chinh attended the signing ceremony and implementation of the Block B - O Mon gas and power project chain.

VNA

Considering that the project chain still has a long way to go and difficulties ahead, the Prime Minister hopes that relevant ministries, branches and competent authorities will always pay attention, create favorable conditions, resolve existing difficulties and obstacles, and support the project chain in general and Petrovietnam, Vietnam Electricity Group and investors in the chain in particular. The Prime Minister believes that after more than 20 years of negotiations, overcoming many difficulties and obstacles, this project chain with a scale of nearly 12 billion USD will be implemented as planned and achieve the expected successes.

At the ceremony, witnessed by the Prime Minister, leaders of central ministries and branches, ambassadors, Petrovietnam and partners signed important documents.

The Lot B - O Mon gas power project chain is a domestic gas power project chain (southern region) including: Lot B mine development project (upstream), Lot B - O Mon pipeline project (midstream) and 4 gas power plants O Mon I, II, III, IV in the downstream, with an investment scale of nearly 12 billion USD. The expected gas output is about 5.06 billion ^m3 of gas/year, supplying the complex of 4 power plants at the O Mon Power Center, with a total expected installed capacity of up to 3,800 MW. This is a key project of the state, expected to bring in about 30 billion USD in revenue for the state and about 11 billion USD for partners.

Thanhnien.vn