Approval of the National Petroleum and Gas Reserve and Supply Infrastructure Planning

On July 18, 2023, Deputy Prime Minister Tran Hong Ha signed Decision No. 861/QD-TTg approving the National Petroleum and Gas Reserve and Supply Infrastructure Planning for the 2021-2030 period, with a vision to 2050.

The general objective of the planning is to develop a national petroleum and gas reserve and supply infrastructure system, including strategic reserves (national reserves); production reserves, commercial reserves, transportation, circulation and distribution, meeting economic , technical and environmental targets, ensuring adequate, safe and continuous reserves and supply for socio-economic development, security and national defense. Ensuring the storage capacity of crude oil and petroleum products nationwide reaches 75 - 80 days of net imports, striving to reach 90 days of net imports; ensuring the storage capacity of gas to meet domestic market demand and raw gas for the energy and industrial sectors.

The Decision clearly states specific goals for petroleum and gas storage and supply infrastructure.

Petroleum and gas storage infrastructure

Regarding petroleum reserve infrastructure, the Plan clearly states that it is necessary to strive for production reserve infrastructure; ensure that crude oil, raw materials and product reserve infrastructure according to the design of petroleum production and processing plants operate stably, meeting at least 20 days of net import in the period of 2021 - 2030, up to 25 days of net import after 2030.

Developing a national infrastructure system for storing and supplying petroleum and gas. Illustrative photo: VNA

For commercial reserve infrastructure, ensure that commercial reserve infrastructure stabilizes domestic market demand with an additional capacity of 2.5 million - 3.5 million m3 in the period 2021 - 2030, reaching a capacity of up to 10.5 million m3 after 2030, meeting 30 - 35 days of net imports.

Regarding national reserve infrastructure, ensure infrastructure serving national reserves with a capacity of 500,000 - 1 million m3 of petroleum products and 1 million - 2 million tons of crude oil, meeting 15 - 20 days of net imports in the period 2021 - 2030; ensure a capacity of 500,000 - 800,000 m3 of petroleum products and 2 million - 3 million tons of crude oil, meeting 25 - 30 days of net imports in the period after 2030.

Regarding gas storage infrastructure, strive to ensure storage infrastructure for liquefied natural gas (LPG) with a capacity of up to 800 thousand tons in the 2021-2030 period and up to 900 thousand tons in the period after 2030.

Ensuring LNG storage infrastructure with sufficient import capacity to meet market consumption demand; contributing to ensuring the supply of raw gas for energy and industrial sectors with a warehouse capacity of up to 20 million tons/year in the 2021-2030 period and up to 40 million tons/year after 2030.

Infrastructure for supplying petroleum and gas

Developing infrastructure for supplying petroleum and gas to meet the demand for pipeline transportation from supply sources (oil refineries, petroleum terminals, LPG distribution stations and imported LNG warehouses) to industrial and civil consumption centers and households.

Orientation for development of petroleum storage and supply infrastructure

According to the orientation, build a system of crude oil and petroleum product reserves distributed in accordance with the production and consumption needs of petroleum in regions and localities; optimize investment, management and operation costs.

Developing infrastructure for storing crude oil and raw materials to ensure stable production. Investment scale and progress are consistent with design capacity and production plan.

Develop a new petroleum reserve system with a scale suitable to the consumption needs of each region and locality in each period in areas with advantages of deep-water seaports and convenient connection to the supply system, meeting the needs of commercial and national reserves.

Develop a system of large-scale retail petrol stations on new routes and new urban areas, with a roadmap to reduce the number of small-scale petrol stations. Integrate utility services (electric charging, vehicle repair and maintenance, vending, food and beverage, grocery, overnight parking, etc.) in the process of renovating, upgrading and building new petrol stations.

Orientation for development of gas storage and supply infrastructure

The gas reserve and supply system is developed synchronously with the import, export, exploitation, transportation and processing of oil and gas.

Investing in building a system of storage facilities and pipelines to transport liquefied natural gas and liquefied petroleum gas from the source warehouse to consumers, meeting fuel needs for energy, fertilizer, industry, transportation and civil use, etc.

According to VNA/Tin Tuc Newspaper

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