On September 3, a delegation from Vietnam’s oil and gas group Petrovietnam (PVN), headed by the Chairman of the Board of Directors Nguyen Xuan Son, visited Gazprom International’s Moscow office. The Vietnamese guests were received by Managing Director of Gazprom International Valery Gulev, who expressed confidence that collaboration between both companies would continue to grow dynamically, including in new fields and in new shapes and forms.
In addition to matters concerning interaction in current projects, a series of initiatives relating to potential collaboration was also discussed. In particular, the sides agreed that by the end of this year they would complete the process of registering a new operating company for a joint project to produce natural gas as a vehicle fuel. Public transportation in Ho Chi Minh City is expected be converted to this fuel.
This city has already launched a US$155.8 million project (HCMC Green Traffic – Ideas and Basic Designs) to develop six rapid bus transit (BRT) lines with CNG-powered buses. According to the project’s schedule, the first line will break ground in early 2016 and is expected to be completed in two years, reported Talk Vietnam.
It is worth mentioning that last year Gazprom and Petrovietnam signed an important agreement to set up a joint venture aimed at strengthening natural gas use in public transportation vehicles.