Petrovietnam says PV Gas is preparing an investment programme of more than VND100 trillion (about $3.8 billion) for 2026–2030, with LNG infrastructure and mergers and acquisitions identified as strategic priorities.
According to Petrovietnam’s release, the plan follows a strategy of building infrastructure ahead of demand and using capital spending as a foundation for long-term growth.
As a near-term step, PV Gas plans to accelerate execution from 2026, with Petrovietnam stating that planned construction investment disbursements are expected to exceed VND9 trillion (about $342.3 million). The group described this as a stepping stone toward the wider 2026–2030 programme.
On the project side, Petrovietnam said major works under implementation include expanding the Thi Vai LNG terminal to 3 million tonnes per annum (3 MTPA), progressing the Son My LNG import terminal, and developing LNG terminals in northern and north-central Vietnam. The list also includes the PV Gas–Hai Phong LNG port, the Dinh Co ethane separation project, gas supply projects for the Long An 1 and 2 power plants, and upgrades to the Phu My–Ho Chi Minh City gas pipeline.
Other items referenced in the release include gas gathering and transportation lines from the Su Tu Trang and Tuna fields, studies to expand the PV Gas Vung Tau port, small-scale hydrogen production, cooling and heating supply solutions for customers, and LNG supply options for Vietnam’s southwest region using floating storage and regasification units.
Petrovietnam also reported that PV Gas overachieved its 2025 disbursement plan: the company was assigned 12 projects with planned disbursements of more than VND3.3 trillion, while actual disbursement reached VND3.4 trillion (103% of plan).
On financial performance, Petrovietnam said PV Gas recorded consolidated revenue of VND134 trillion in 2025, with estimated pre-tax profit of nearly VND15 trillion and state budget contributions exceeding VND7.8 trillion.
