The BU SIDRA vessel arrives at the port of the Long Son PetroChemicals Co. Ltd on September 2. (Photo: congthuong.vn) PV GAS said PV GAS Trading hassuccessfully connected a pipe from the liquefied petroleum gas vessel BU SIDRA withthe propane taking system of the southern petrochemical complex.
The batch of commercial propane,departing from Al Amindi Port of Kuwait, is the first of PV GAS Trading toarrive at Long Son Port and also the first batch of material to be supplied forthe southern petrochemical complex to serve this complex’s pilot operations.
The selection of PV GAS Trading asthe distributor of the first batch of goods for the complex not only holdscommercial significance but also affirms PV GAS and its subsidiary’sreputation, stature, and brand in the domestic and regional gas market, PV GASnoted.
The firm added that after more than 30 years of development, its gas tradingactivities have been developing continually. It has engaged in all gas-relatedareas and services in not only Vietnam but also the regional and internationalmarkets.
Capitalising onits advantages and support from the Vietnam Oil and Gas Group (PetroVietnam), PVGAS has invested in developing the non-electricity gas market. In particular,it has been working to switch its focus from the buyers using gas as fuel tothose using gas as material such as the southern petrochemical complex.
It forecast anumber of challenges and difficulties are awaiting during the implementation ofthe gas market development strategy for 2022 - 2030, which focuses onincreasing the non-electricity clientele, amid fierce competition in theinternational market.
However, PV GAS Trading is confidentthat it will gradually gain a foothold in the material gas market and supply international-standardproducts and professional services, thereby maximising the gas value chain and affirmingVietnamese enterprises’ standing in the global market, PV GAS added.
PV GAS is among the four membercompanies of PetroVietnam to be named in the list of the top 50 listed firms in the country in2022 compiled by Forbes Vietnam.
It is at theninth place in the list this year. This is the 10th consecutive year that thecompany has been honoured in the list.
Other PetroVietnammembers in the list include PetroVietnam General Service Joint StockCorporation (Petrosetco), PetroVietnam Fertilizer and Chemicals Joint StockCorporation (PVFCCo), and PetroVietnam Camau Fertilizer JSC.
PV GAS posted total revenue of 54.56 trillion VND (2.3billion USD) in the first six months of 2022, increasing 34% year on year.Its before-taxprofit reached over 8.67 trillion VND while after-tax profit approximated7 trillion VND during the period, respectively rising 56% and 59%.
PV GAS contributed over 3.6 trillion VND tothe State budget in the first half, up 8% from a year earlier.
In 2021, over20% of revenue, 25% of profit and 8% of the State budget payment byPetroVietnam were contributed by PV GAS.
Despite impacts from the COVID-19 pandemic,PV GAS earned the highest ever revenue last year, gaining over 80 trillion VND. It looks to achieve annual growth of 10% in 2022 and the following years.
PetroVietnam istaking measures to create favourable conditions for production and trading of gas products inthe remaining months of 2022, given negative impacts of the world energy crisison the consumption demand for liquefied petroleum gas, and liquefied naturalgas./.
VNA
