In 2023, approximately 7.2 billion cubic meters of natural gas were consumed in Vietnam, a slight decrease compared to the year prior. For many years, the oil and gas sector has been a prominent contributor to the country's economy.
LNG is a commodity that is widely traded on the global market and has become an essential energy source for many nations worldwide. As of 2023, PetroVietnam Gas Joint Stock Corporation (PVGAS) is the first and only enterprise in Vietnam to conduct LNG import and related business activities. According to PetroVietnam (PVN), PVGAS, under the direction of PVN, had successfully welcomed its first 70,000 tons of LNG cargo to the Thi Vai LNG terminal as of July 2023. PVN is a key player in Vietnam's oil and gas industry, with its brand value ranked ninth among the most valuable brands in Vietnam in 2023.
Natural gas consumption in Vietnam from 2012 to 2023
(in billion cubic meters)
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Energy Institute. (June 20, 2024). Natural gas consumption in Vietnam from 2012 to 2023 (in billion cubic meters) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/610502/natural-gas-consumption-in-vietnam/
Energy Institute. "Natural gas consumption in Vietnam from 2012 to 2023 (in billion cubic meters)." Chart. June 20, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/610502/natural-gas-consumption-in-vietnam/
Energy Institute. (2024). Natural gas consumption in Vietnam from 2012 to 2023 (in billion cubic meters). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/610502/natural-gas-consumption-in-vietnam/
Energy Institute. "Natural Gas Consumption in Vietnam from 2012 to 2023 (in Billion Cubic Meters)." Statista, Statista Inc., 20 Jun 2024, https://www.statista.com/statistics/610502/natural-gas-consumption-in-vietnam/
Energy Institute, Natural gas consumption in Vietnam from 2012 to 2023 (in billion cubic meters) Statista, https://www.statista.com/statistics/610502/natural-gas-consumption-in-vietnam/ (last visited December 22, 2024)
Natural gas consumption in Vietnam from 2012 to 2023 (in billion cubic meters) [Graph], Energy Institute, June 20, 2024. [Online]. Available: https://www.statista.com/statistics/610502/natural-gas-consumption-in-vietnam/