01:34 (GMT +7) - Sunday 11/12/2016

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PM kicks off $6.8 billion gas projects

Released at: 10:02, 04/04/2016

PM kicks off $6.8 billion gas projects

Prime Minister Nguyen Tan Dung presses button to get PetroVietnam projects in Mekong Delta underway.

Prime Minister Nguyen Tan Dung pressed the button to commence the Block B-O Mon gas project launched by the Vietnam National Oil and Gas Group (PetroVietnam) in the Mekong Delta’s Kien Giang province on April 3.

The key national project hopes to collect 107 billion cu m of gas and 12.65 million barrels of condensate from offshore Block B.

Around 5.06 billion cu m of gas are expected to be brought ashore each year from 2020 to 2040 to fuel power plants in Kien Giang and O Mon district in nearby Can Tho city, thus satisfying power demand for the Mekong Delta region in the post-2020 period.

The development of Block B will cost $6.8 billion over 20 years, covering one technology center and 46 drilling platforms, one accommodation platform, one condensate tank, and approximately 750 drilling wells.

Meanwhile, the Block B - O Mon gas pipeline worth $1.2 billion is designed to have a capacity of 20.3 million cu m. It will transport gas from Block B to An Minh district in Kien Giang province and supplement gas for the PM3 - Ca Mau pipeline.

The 431-km pipeline is also expected to provide gas for a number of gas turbine power plants in the two Mekong Delta localities.

The projects are scheduled to be put into operation in the second quarter of 2020.

Prime Minister Nguyen Tan Dung hailed PetroVietnam’s endeavors and asked it to ensure project safety, quality, efficiency and progress.

Once completed the project will contribute to national energy security and economic development in the Mekong Delta.

Source:VNA

  • TAGS
  • Lo B
  • O Mon
  • Kien Giang
  • PVN
  • PetroVietnam
  • Nguyen Tan Dung
  • Nguyen Vu Truong Son

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