Japan bank considers funding PetrolVietnam’s gas projectThe Japan Bank for International Cooperation (JBIC) is considering funding the Block B&52/97 project of the Vietnam Oil and Gas Group (PetrolVietnam) using loans without a government guarantee. According to PetrolVietnam, the project, worth nearly 10 billion USD, is one of the two largest gas projects in Vietnam. The Block B&52/97 project includes two sub-projects. It is invested by PetrolVietnam, PetroVietnam Gas Corporation (PV Gas), MOECO and PTTEP. The Block B&52/97 project is expected to bring ashore 5.06 billion cu.m of gas per year within 20 years, meeting gas demand of power plants in the south.

Source: VietNamNet News March 13, 2018 04:41 UTC