Deputy Prime Minister Hoang Trung Hai has asked the state-owned oil giant PetroVietnam to conduct a feasibility study on building the second natural gas pipeline in the country’s Nam Con Son Basin.
According to the document signed by the Deputy PM, the pipeline, which is part of a master plan to develop the countryÃ¢â‚¬â„¢s oil and gas sector between now and 2015, will begin operation in 2014.
PetroVietnam will join hands with foreign partners to invest and build the pipeline under the business cooperation contract, said the document.
After completion, the pipeline will take natural gas from two blocks-05.1 and 05.2–to feed power plants in Phu My in the southern oil and gas hub province of Ba Ria-Vung Tau.
Nam Con Son Basin’s first pipeline, built by BP at a cost of US$1.3 billion, now supplies about 4 billion cubic metres of gas annually to constituting 32 percent of Vietnam’s domestic power generation. VNA/VOVNews