Лента.ру33 minutes agoBusiness1 min readRussia

PetroVietnam creates a working group for cooperation with the Russian Federation in the field of energy and LNG

Quick Look

The Vietnamese state company PetroVietnam is forming a working group to study large energy projects and LNG supplies from Russia.
This was announced by the head of Novatek Leonid Mikhelson against the backdrop of the visit of Vietnamese President To Lam to Moscow.

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Why It Matters

Vietnam and Russia are developing a strategic partnership, including trade and economic ties. The meeting of state leaders is taking place in Moscow on September 9.

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Vietnamese PetroVietnam is creating a working group to consider large joint projects with the Russian Federation in the field of energy and supplies of liquefied natural gas. The head of Novatek, Leonid Mikhelson, announced the Asian country’s interest in Russian fuel, as quoted by TASS

According to the top manager, the state-owned Vietnamese company intends to cooperate in the field of LNG.

“There was a big meeting with PetroVietnam. “He is creating a working group to review very large projects in Vietnam related to energy and LNG supplies,” he explained.

On Wednesday, September 9, Russian President Vladimir Putin meets with Vietnamese leader To Lam in the Kremlin. During the meeting, they will discuss several topics, including prospects for the development of strategic partnerships between states, trade, economic, scientific and educational ties and humanitarian exchanges.

What to Watch

AI outlook — possibilities, not facts

Conducting negotiations on LNG within the framework of the meeting between the leaders of the Russian Federation and Vietnam.
Very likely · Within days

Open Questions

What specific LNG projects will be considered?
What is the timeline for implementing the working group's initiatives?