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28-29 Oct, 2010 - Hanoi
Sofitel Plaza Hanoi - Plaza I + II
Accelerating Opportunities for Investments to Meet Energy Security
With limited reserves and growing demand for energy, Vietnam is retaining its stability by stepping up production domestically and through bilateral ties and overseas cooperation. The refinery and downstream sector is also evolving as the country strives to be less dependent on imports to meet domestic consumption for oil products.
"PetroVietnam has signed a deal to explore for oil in Venezuela's Orinoco oil belt with Venezuela Petroleum Corporation. Vietnam will invest US 3.2 billion in the oil exploration project making it Vietnam's biggest foreign investment project so far." July 2010, Rigzone
"Salamander Energy plans to begin drilling next year in Northern Vietnam, seeking to open a new region to production that may allow the country to reverse a decline in oil output." May 2010, Bloomberg Businessweek
"Oil giant Saudi Arabia and Vietnam inked pacts that will pave the way for increased cooperation in the oil and gas sectors, including possible Saudi investment in Vietnamese refineries." April 2010, Yahoo News
Changes are also sweeping across the power sector with the Government's initiative to promote a more diverse energy mix from bio-fuel to nuclear to meet the nation's thirst for electricity.
CMT's 13th VOGP is the annual platform for regional and national majors and investors to assess new changes and challenges in the energy stream.
Come and listen to our Top Senior Management of Speakers! The conference will also offer an evening drinks reception to meet your peers in an informed setting.
Multiple Reasons to Attend:
- Upstream sector outlook and implications for Vietnam moving forward
- Potential reserves and drilling activities in the North of Vietnam
- Tax implications and update for oil & gas activities
- Gas trade overview, infrastructure & distribution challenges
- Implications of Decree #107 on Vietnam's LPG business & investments
- Retail market outlook and creating a deregulated environment
- Present status of power transmission network and investment plans
- Power sector reforms and look ahead to Master Plan VII
- Opportunities in renewable energy and creating an optimal investment climate
- Energy security and carbon - from wind to biomass to nuclear
- Meet MOIT, PetroVietnam, EVN & other regional majors in one location!
You will network with:
- CEOs - Presidents - GMs - Business Development Directors - E&P Directors - Downstream Directors - Executives & Traders from Leading Oil & Gas & Petrochemical Companies - Government Officials - Power producers - Coal producers & traders - Energy Consultants - Additives and Catalyst Companies - Project Financiers - Storage & Terminal Companies - EPC Companies - Legal Counselors
"The Vietnam Energy Association has sent to the prime minister a petition to increase the electricity price to 8 US cents a kWh from the current 5 cents, and to eliminate the progressive price list.
The government is also recommended to raise prices of gas and coal used to produce electric power. The power price increase is expected to boost foreign investment into the energy industry, as the current low power price is not attractive to foreign investors, making it hard to raise foreign funds for developing power projects."
Source : Vietnam Business News 26 Aug 2010
For power companies who are expanding their operations overseas, now is the time to seek out new opportunities in Vietnam. The Vietnam Government is looking into several initiatives to encourage foreign investments into their power sector due to the power shortage in the country.
To find out how to take part in these power developments, and hear what LEADCO Legal Counsel has to share on "Power Sector Reforms and Changes Taking Place under Master Plan VI", make plans to attend the 13th Vietnam OGPthis 28-29 October for details on the new investment opportunities in Master Plan VII but also access to other power producers who are bidding their way to opportunities in Vietnam’s power developments.
Salamander Energy plc, the Asia focussed independent oil and gas exploration and production company, announces the spud of the Tom Su Lua-1X ('DBSCL01-TSL-1X') exploration well in Block DBSCL-01, in the Vinh Chau Graben system, offshore southern Vietnam.
James Menzies, Chief Executive of Salamander, said:
'The Vinh Chau Graben is a virgin basin that is estimated to contain several hundred million barrels of prospective oil resources. Tom Su Lua-1X is the first in a series of wells that Salamander will operate in the basin in order to explore its oil potential.'
Salamander Energy Plc, a U.K.-based explorer, plans to begin drilling next year in northern Vietnam, seeking to open a new region to production that may allow the country to reverse a decline in oil output.
“There’s an emerging oil play” in the north, Salamander Chief Executive Officer James Menzies said by telephone yesterday from London. “On the Chinese side of the area there’s a field that’s been producing for a long time,” while Petroliam Nasional Bhd. has also made “small discoveries” nearby.
Joining the 13th VOGP in Hanoi from 28-29 October, 2010 is Salamander Energy, that not only explores the oil potential in Southern Vietnam¸ but also plan to open a new region to production in Northern Vietnam next year.
In light of their bid in the North, Salamander Energy will share the Strategies & Investment plan in exploring opportunities in North Vietnam at the 13th VOGP where .
Regional and national majors and investors to assess new changes and challenges in the energy stream in Vietnam.
Click here to take a look at our programme line-up or email nadia@cmtsp.com.sg for more details!
World Bank Group member IFC and Statkraft Norfund Power Invest AS (SN Power) have agreed to develop renewable energy alternatives to fix the gaps in Viet Nam’s electricity demand.
“This partnership with IFC will allow SN Power to achieve synergy by finding viable hydropower projects that we can develop and operate sustainably,” Erik Knive, SN Power’s Executive Vice President for Southeast Asia, said.
http://vietnambusiness.asia/ifc-to-finance-sustainable-renewable-energy-projects/
Given their joint development, which will see the partners acquire operating assets and invest in greenfield projects to build up a portfolio of renewable energy investments to help meet growing power demand in Vietnam, CMT is proud and honored to have one of the partners, SN Power, as speaking panelist at the 13th VOGP meet.
In his presentation on 'Opportunities in renewable energy in Vietnam and creating the optimal investment climate’, Mr. Erik Knive, the Executive Vice President at SN Power Holding Singapore Pte. Ltd. will be touching on:
- key investment criteria
- current roadblocks and challenges
- market outlook
Those looking for more details and/or keen on attending the conference in Hanoi can write to Nadia at nadia@cmtsp.com.sg.
Petrolimex, Vietnam's top oil product importer, is now holding an estimated 60 percent of the domestic petrol market.
Petrolimex operates 1,800 pump stations and 65 oil depots nationwide.
According to Reuters, Vietnam relies almost entirely on oil-product imports as it lacks oil refineries.
The country's first refinery, the 140,000-barrels-per-day Dung Quat plant, which has started operations since February 2009, is expected to meet about 40 percent of domestic demand for refined oil products.
No foreign firms operate pump stations in Vietnam although the government has promised to allow foreign investors in the second refinery, Nghi Son, to participate in the retail market before the refinery is completed in 2013, Reuters reported. ~ VietnewsOnline.vn 5 Jan 2010
CMT is delighted to welcome Vietnam National Petroleum Corporation (Petrolimex) to speak at 13th Vietnam OGP on 28 – 29 Oct 2010 in Hanoi. Our invited speaker Mr Bui Ngoc Bao, Chairman & President of Petrolimex will be presenting on the topic “State of Retail Business – Will Vietnam Move towards a Deregulated Environment?”
Foreign investors seeking his expert knowledge on Vietnam’s current position and its future plans in the oil retail business, are expected to attend this October event in Hanoi.
CAN THO — A major transmission line and transformer station costing US$81 million have finally come on line to improve connection between the southwest power system and the national grid.
The O Mon 500kV transformer station with the capacity of 450MVA and the 500kV power transmission line between Nha Be and O Mon were launched in Can Tho on Wednesday.
Their other task is to transmit the electricity produced by Ca Mau and O Mon thermoelectric power plants, with capacities of 1,500MW and 660MW, respectively, into the national grid.
The power transmission line passes through HCM City and five localities in the Mekong Delta, including Can Tho, Long An, Tien Giang, Vinh Long and Dong Thap.
Southern electrical project management board director Nguyen Tien Hai said that within five years, the O Mon transformer station capacity would be doubled and the total electricity through O Mon-Nha Be from now until 2020 would be about 45.3 billion kWh.
On the same day, the National Power Transmission Company successfully kicked off the 220kV transmission line between Hai Phong and Dinh Vu, which would transmit electricity from the 300MW Hai Phong thermoelectric power plant into the national grid to enhance its reliability, particularly in the northeast.
The company said the new projects would help reduce electricity shortages over the dry season.
http://vietnamnews.vnanet.vn/Industries/198731/Major-power-projects-go-on-line.html
CMT's 13th Vietnam OGP meet is set to present more on the plans for efficient power transmission for Vietnam which will be presented by National Power Transmission.
Those in the power business, would want to attend this session to learn to participate in their project plans to increase reliability of transmission and distribution. For more information on other topics and speakers contributing at this event, one can email to nadia@cmtsp.com.sg
*Photo courtesy of: VNA/VNS Photo Ngoc Ha
Vietnam’s growing energy sector presents a huge investment potential in 2010 as evidenced by key headlines over the past 30 days!
“The National Oil and Gas Group (PetroVietnam) notched up total revenues of nearly US$5 billion in the first quarter of this year, an impressive growth of 76 percent compared with the same period last year.” ~VOV News, 7 April 2010
“Oil giant Saudi Arabia and Vietnam inked pacts late Saturday that will pave the way for increased cooperation in the oil and gas sectors, including possible Saudi investment in Vietnamese refineries.” ~AFP, 10 April 2010
“Pham Khanh Toan, Director of the Institute of Energy, Vietnam Ministry of Industry and Trade, stated that the government of Vietnam had adopted a policy to construct eight 1,000 MW class nuclear power reactors at two sites by 2030.” ~The Denki Shimbun, 23 April 2010
“Vietnam aims to cut its energy bill by 20-30 percent in the next ten years, and invites businesses to invest in renewable energy projects. Green and renewable energy is expected to account for 9-10 percent of total energy use in the country...” ~ Than Nien Daily, 22 April 2010
Wish to meet Investors and Vietnamese regulators to explore opportunities in Vietnam’s energy sector? Then mark 28-29 October to attend the 13th VOGP conference in Hanoi!
13th VOGP is part of CMT’s highly successful Vietnam Oil Gas & Power summit series, which is attended by the world’s key energy investors looking for information on what is shaping Vietnam’s upstream and downstream oil and gas sector, as well as progress in the power sector.
This year’s conference will focus on the “Next phase of Incentives to Attract Investors in the Energy Sector” and look at the latest developments and challenges facing Vietnam’s future.
Those who are keen to participate can pre-register at the link below. There are also Sponsorship and Media Exchange options available for companies looking to get the most out of their marketing dollars! Send us your enquiries at nadia@cmtsp.com.sg.
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Hotel Information
1 Thanh Nien Road
Ba Dinh District
Hanoi
VIETNAM
Contact Person:Nguyen Thuy Nhung
Reservations Co-ordinator
Phone :+84 4 38238888 ext 5223 Fax :+84 4 38294283
Email :E-Mail to Reserve Room
Reservation cut off date :25-09-2010
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