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Commodities

Vietnam's state energy companies gear up for LNG imports

Petrolimex and PetroVietnam prepare to serve the needs of the energy-hungry nation

A gas-processing plant in Vietnam. The country plans to import LNG as domestic sources of natural gas run out.   © Reuters

HANOI/TOKYO -- Vietnam's Petrolimex has unveiled plans to open its first liquefied natural gas import terminal, following in the footsteps of fellow state-run energy group PetroVietnam, as the pair work to diversify energy supplies to fend off a chronic power shortage in the Southeast Asian country.

"We will put our efforts into the LNG business as a new area for growth," Petrolimex Chairman Pham Van Thanh told Nikkei.

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