In a recent strategic meeting held in Hanoi, Mr Le Manh Hung, chairman of the board at Petrovietnam, welcomed Mr Steven Kobos, president and CEO of Excelerate Energy, to discuss advancing LNG cooperation between the two organisations.
Excelerate Energy, a US-based company, is recognised globally for its leadership in Floating Storage and Regasification Unit technology, which plays a vital role in enabling flexible and efficient LNG supply. In March, PV GAS and Excelerate Energy signed a memorandum of understanding focused on importing LNG from the United States, marking a significant step in Vietnam’s ongoing energy diversification strategy.
During the meeting, Petrovietnam and PV GAS:
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Reviewed the progress of the LNG import MoU
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Reaffirmed their shared commitment to expanding Vietnam’s clean energy supply, particularly through LNG
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Discussed potential mechanisms to address regulatory and market-related challenges
Mr Le Manh Hung reiterated Petrovietnam’s readiness to support this collaboration and align joint projects with the country’s national energy objectives. Mr Steven Kobos, in turn, expressed appreciation for the warm welcome and emphasised Excelerate’s strong interest in further cooperation—not only with PV GAS and Petrovietnam, but also in strengthening broader US–Vietnam economic and energy relations.
This partnership reflects Petrovietnam’s strategic focus on delivering clean, secure, and sustainable energy, with LNG set to play a pivotal role in the nation’s energy transition.
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