Petrovietnam Gas awards first-ever LNG term contract to Shell
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Petrovietnam Gas has awarded its first-ever term supply contract for liquefied natural gas (LNG) to Shell. The five-year deal, effective from 2027 to 2031, will see Shell deliver approximately 400,000 metric tons of LNG annually to Vietnam's Thi Vai terminal. This marks a significant step for Vietnam, which began LNG imports in 2023, primarily for two gas-fired power plants. Previously, the country relied on spot market purchases, importing 0.5 million tons in 2025.
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