Petrovietnam strengthens connections and seeks cooperation opportunities with Indonesian partners.
Petrovietnam Deputy General Director Vu Dao Minh recently met and worked with Mr. Adam M. Tugio, Ambassador of Indonesia to Vietnam, and his delegation to discuss cooperation opportunities in the oil and gas, LNG, and energy sectors in Hanoi.
During the meeting, Mr. Vu Dao Minh, Deputy General Director of Petrovietnam, Vietnam National Energy Corporation, and Ambassador Adam M. Tugio discussed the current state of energy cooperation between Vietnam and Indonesia , as well as areas where both sides have the potential to strengthen connectivity in the future. Key areas of interest included cooperation in the development of gas projects, liquefied natural gas (LNG) supply, energy trade, and related services.
Deputy General Director of Petrovietnam, Vu Dao Minh, received and held a working meeting with Mr. Adam M. Tugio, Ambassador of Indonesia to Vietnam.
Ambassador Adam M. Tugio assessed the friendly and cooperative relationship between Vietnam and Indonesia as a favorable foundation for the two countries to continue expanding economic , trade, and energy cooperation. In particular, the energy sector has significant potential for businesses from both countries to strengthen connections, seek, and implement cooperation opportunities.
Regarding the export of gas from Indonesia to Vietnam, the two sides discussed the possibility of bringing gas from the field to Vietnam, including considering transportation options and connection to the existing gas infrastructure. Along with technical and commercial issues, the mechanisms and legal framework for the project were also discussed by both sides.
According to Deputy General Director of Petrovietnam Vu Dao Minh, for transnational energy projects, in addition to the exchange and negotiation process between enterprises, building a suitable coordination mechanism between the two governments is crucial, creating a favorable basis for all parties to promote project implementation.
Ambassador Adam M. Tugio stated that Indonesia is ready to engage with relevant agencies to study appropriate mechanisms, while also drawing on the experience of gas infrastructure connectivity projects that Indonesia has implemented with countries in the region. Both sides agreed to continue coordinating and exchanging information to facilitate the project's development.
Besides cooperation in the gas sector, Indonesia also shared several proposals regarding the potential supply of LNG to the Vietnamese market, including LNG sources, transportation facilities, and related services. This is considered a promising area for cooperation, given Vietnam's increasing use of LNG to diversify its energy sources and meet its socio-economic development needs.
Deputy General Director of Petrovietnam, Vu Dao Minh, presents a commemorative gift to Ambassador Adam M. Tugio.
Petrovietnam Deputy General Director Vu Dao Minh acknowledged the proposals and stated that the Group would connect its specialized units and member enterprises with the Indonesian side to discuss specific needs, supply capabilities, and trade conditions.
The two sides also discussed the possibility of trade cooperation in the coal supply chain. Ambassador Adam M. Tugio provided information on some changes in Indonesia's trade management and coordination mechanisms, and stated that the Embassy is ready to support Petrovietnam in connecting with Indonesian businesses and partners in this field.
At the end of the meeting, both sides agreed to continue maintaining exchanges and strengthening connections between Petrovietnam and Indonesian businesses, thereby gradually concretizing suitable cooperation opportunities and contributing to promoting increasingly substantive and effective energy cooperation between Vietnam and Indonesia.