Leading US LNG group wants to make Vietnam a regional distribution center - Lang Son Newspaper and Radio and Television

On the afternoon of May 29, at the Government Headquarters, Prime Minister Pham Minh Chinh received Chairman and CEO of Excelerate Energy Group (USA) Steven Kobos and his associates who are visiting and working in Vietnam.

Prime Minister Pham Minh Chinh receives President and CEO of Excelerate Energy Corporation (USA) Steven Kobos - Photo: VGP/Nhat Bac

Welcoming the delegation to visit and work in Vietnam, Prime Minister Pham Minh Chinh welcomed Excelerate Energy Group to promote cooperation with Vietnamese partners; saying that this activity has both political and economic significance, contributing to promoting balanced and sustainable trade relations and cooperation between Vietnam and the United States.

Thanking the Prime Minister for taking the time to receive the delegation, as well as for Vietnam sending a delegation to the United States to negotiate and promote trade, Mr. Steven Kobos said that Excelerate Energy Group is a leading US enterprise operating in the LNG sector, present in more than 60 countries around the world . Every day, the Group transports LNG accounting for 1/6 of the US's exports.

Informing that Excelerate Energy Group has signed an agreement with PVGas on arranging long-term LNG sources from the United States for the Vietnamese market, the Chairman of Excelerate Energy Group proposed that the Government direct Vietnamese ministries, branches and localities to create conditions for Excelerate Energy Group to invest and develop LNG infrastructure in Vietnam; ensure a stable LNG supply and establish joint ventures with Vietnamese partners to expand the market, aiming to make Vietnam an LNG distribution center of the ASEAN region.

Welcoming the signing of a cooperation agreement (MoU) between Excelerate Energy Group and PetroVietnam Gas Joint Stock Corporation (PVGas) to arrange long-term LNG sources from the United States for the Vietnamese market, Prime Minister Pham Minh Chinh suggested that the two sides cooperate closely to implement practical and effective cooperation.

The Prime Minister said that Vietnam plans to build an LNG storage and distribution center to serve the domestic market and the ASEAN region, including power plants supplying electricity to ASEAN - Photo: VGP/Nhat Bac

Agreeing with Excelerate Energy Group's proposal to turn Vietnam into a regional LNG distribution center, Prime Minister Pham Minh Chinh suggested that the Group continue to research, consider expanding and strengthening cooperation with Vietnamese enterprises in providing technological solutions and long-term LNG supply, contributing to ensuring energy security for Vietnam and balancing trade between Vietnam and the United States.

The Prime Minister said that Vietnam advocates rapid and sustainable economic development, without sacrificing progress, fairness and the environment to pursue pure growth. Vietnam advocates building an LNG storage and distribution center to serve the country and the ASEAN region, including serving power plants supplying electricity to ASEAN.

Emphasizing the motto "what is said is done, what is committed must be implemented effectively", Prime Minister Pham Minh Chinh said that during his working trip to attend the 46th ASEAN Summit in Malaysia, the Prime Minister of Vietnam, the Prime Minister of Singapore and the Prime Minister of Malaysia witnessed the signing ceremony of a cooperation agreement on exporting clean electricity from Vietnam to Malaysia and Singapore and developing the ASEAN power grid - the world's growth center.

The Chairman of Excelerate Energy Group proposed that the Government direct Vietnamese ministries, sectors and localities to create favorable conditions for Excelerate Energy Group to invest and develop LNG infrastructure in Vietnam; ensure a stable LNG supply and establish joint ventures with Vietnamese partners to expand the market, aiming to make Vietnam an LNG distribution center of the ASEAN region - Photo: VGP/Nhat Bac

The Prime Minister hopes that Excelerate Energy Group will develop the LNG supply chain in Vietnam, cooperate with Vietnamese partners to invest in building smart and modern LNG storage facilities this year, or in 2026, transfer technology and management experience to Vietnam to effectively operate the LNG supply industry, and share effective solutions to reduce emissions in LNG transportation and use.

Prime Minister Pham Minh Chinh affirmed that the Vietnamese Government is committed to always accompanying and sharing with businesses, ensuring that businesses operate legally, healthily and effectively; and is ready to listen to contributions, enhance understanding and improve cooperation efficiency.

Source: https://baolangson.vn/tap-doan-khi-lng-hang-dau-hoa-ky-muon-dua-viet-nam-tro-thanh-trung-tam-phan-phoi-khu-vuc-5048551.html