23:05 (GMT +7) - Friday 28/10/2016


Gas trade circular released

Released at: 17:57, 13/05/2016

Gas trade circular released

MoIT circular to take effect from May 15.

by Hung Nguyen

The Ministry of Industry and Trade (MoIT) has issued Circular No. 03/2016/TT-BCT, regulating the implementation of certain articles of Government Decree No. 19/2016/ND-CP on the trading of gas.

To take effect from May 15, the circular stipulates that wholesalers of liquefied petroleum gas (LPG) can set wholesale and retail prices within their network. LPG retailers must then sell LPG at the price determined by wholesalers, and commissions are to be based on retail prices.

Contracts between wholesalers and retailers must be in writing and have a maximum term of 12 months.

Regarding registration for importing, exporting and processing gas, prior to every October 20 traders must submit plans for the year to follow to MoIT for a decision. 

Related documents include an application for approval on the import or export of LPG, LNG, and CNG, a copy of the business license, a copy of permits for using harbors, and copies of tank ownership or leasing licenses.

Documents to be submitted for approval of LPG exports and imports also include a copy of licenses for bottling, a copy of the brand license, a copy of the license for refilling LPG bottles, a list of licensed retailers, and a copy of the license for supplying LPG to industrial customers and retailers.

Those for LNG and CNG imports and exports also require documents on owning or leasing LNG and CNG tanks or LNG and CNG tubes, copies of licenses for supplying LNG and CNG, and copies of licenses for refilling LNG and CNG tanks on trucks.

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