The project was invested by PV GAS and managed by the PV GAS Project Management Company (PV GAS PMC), a subsidiary of the corporation, with the Vietnam Petroleum Technical Services Corporation (PTSC) serving as its EPC contractor.
In July, the project completed installation, pre-commissioning and commissioning. It was handed over to PV GAS Vung Tau, a subsidiary of PV GAS, for operation management from July 29.
PV GAS Vung Tau Terminal is a crucial link in the continuous operation of the Bach Ho and Nam Con Son gas systems, with a storage capacity equivalent to 50% of the country's total for LPG. This facility plays an essential role in ensuring national energy security and stabilising the domestic LPG market.
Located in the Cai Mep Industrial Zone, Phu My township, the terminal has been operational since 2000. It is the largest LPG and condensate storage facility in Vietnam, tasked with storing, importing and exporting LPG and condensate products from the Dinh Co Gas Processing Plant, Nam Con Son Gas Plant and imported LPG for ships and tankers, supplying various consumers.
PV GAS invested in the LPG Storage Tank Project at PV GAS Vung Tau Terminal to increase storage capacity, improve operational efficiency, ensure operational flexibility, meet production and business requirements, and enhance competitiveness in the increasingly fierce LPG business environment with many domestic and international competitors.
The project comprises three LPG storage tanks, each with a capacity of 2,000 tonnes, along with technology and auxiliary systems to meet PV GAS's requirements for importing, storing and exporting LPG products. The facility uses spherical tank technology, currently the most optimal for storing and handling LPG.
