A PetroVietnam rig offshore Vietnam. (PetroVietnam)
Vietnam’s demand for LNG imports could rise faster than expected as one its biggest upstream projects is facing further delays.
PetroVietnam’s Block B development, which is targeting first gas in 2021, remains on hold after the NOC pushed its FID back from H2 2018 to Q1 2019. The project, which will underpin construction of a group of gas-fired power plants, was initially expected to be sanctioned by the end of 2017.
The development has been on hold since the first quarter of this year, following the submission...
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