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At the signing ceremony

According to forecasts, PV GAS’s production will face a lot of difficulties and challenges in 2021 and the following years. Having identified major difficulties, the corporation figured out three core issues in strategies for its future development: Policies, personnel, and markets.

Regarding solutions to expand its trade and market, the corporation requested its affiliates and subsidiaries to strengthen their coordination and cooperation in production and business so as to reach all of their production and business targets in 2021.

The signing of the two deals has been seen as the realization of PV GAS’s policy in 2021 and the following years.

The first deal on liquefied petroleum gas (LPG) supply among PV GAS TRADING, PV GAS D and CNG VIETNAM will be validated for three years. Under the deal, PV GAS TRADING will supply LPG for customers via PV GAS D and CNG VIETNAM.

Meanwhile, the second deal is a frame agreement on liquefied national gas (LNG) supply among PV GAS LNG, PV GAS D and CNG VIETNAM will last for 10 years. According to the deal, PV GAS LNG will be the exclusive LNG supplier for PV GAS D and CNG VIETNAM.

According to experts, the handshakes among PV GAS’s affiliates are seen as a new step forward by the corporation, which helps its affiliates strengthen cooperation, bring into full play their advantages and strengths while expanding their markets and maximizing the efficiency of their production and business. 

Speaking at the signing ceremony, Deputy Director General of PV GAS Pham Van Phong hailed the cooperation among the affiliated companies, saying that the two deals serve as a premise for the corporation to optimize its production and business chain and improve its competitiveness in the global market.

Translated by Thu Nguyen