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  Tuesday, August 4, 2020
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Russian-Vietnamese joint energy venture Vietsovpetro has started construction of a $300-million natural-gas pipeline in southern Vietnam
Russian-Vietnamese joint energy venture Vietsovpetro has started construction of a $300-million natural-gas pipeline in southern Vietnam, local media said Monday. Construction is part of a $1.2 billion project to build an energy and nitrogen complex including two electric power stations and a nitrogen processing facility worth a total of $900 million, in addition to the pipeline. The complex is located in the province of Ca Mau in southern Vietnam. Under the project, Vietsovpetro will build a 325-km gas pipeline running from the offshore Cai Nuoc gas fields to two electric power stations with total capacity of 1,500 megawatts. The pipeline will be put into operation in late 2006, while the first of the two electric power stations will be commissioned in late 2007. Vietsovpetro was established in 1981 and launched crude oil production on Vietnam's southern shelf in 1986. It has since proved to be one of the largest and most effective joint ventures in Vietnam, accounting for about 65% of the country's oil production. In 2006-2010, Vietsovpetro plans to produce 37-40 million metric tons of crude and 6.5 billion cubic meters of associated gas.
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