New Opportunities in Vietnam's Burgeoning Energy Sector

Vietnam's rapid industrial development has seen the country struggling to keep up with an accelerated growth in demand for energy. Many changes are brewing in Vietnam's energy sector as the country has recently announced several changes and plans to meet this demand.

As aging fields fall short of meeting its energy requirements, the country looks set to exploit their abundant natural resources available. The Vietnam Oil & Gas group, Petrovietnam, launched a licensing round for nine offshore oil and gas blocks in Southern Vietnam last August, the first in four years.

Great importance has been placed on the import of LNG as domestic supply fails to meet local demand from the power sector and other industrial users. Plans for Vietnam's first LNG terminal have been kick started, and PV Gas has been sourcing for cargoes from overseas suppliers for when the terminal is completed in 2015. Domestic production of LPG will also be ramped up from its upcoming refineries to reduce the reliance of LPG imports. To meet these massive goals, the country's gas sector will need billions of dollars in investments in upcoming years.

Vietnam's dramatic growth in the past decade has put a strain on existing capacity, resulting in several power shortages and unstable supply especially during the dry season when there is a shortfall of hydropower. The Power Masterplan VII, which was approved last July, highlights capacity addition up to 2020 and places emphasis on improving power networks, technologies and efficiencies. Vietnam also aims to put the first nuclear power plant in South East Asia into operation by 2020 and places priority on power derived from renewable sources.

An estimated USD48.8 billion of investment will be required for power projects up to 2020, and the country has already taken the first steps in implementing market based power pricing to attract investments in the power sector.

Gain first hand information on the latest exciting developments in Vietnam's energy sector. Join us at CMT's 14th Vietnam Oil, Gas & Power conference!

Multiple benefits include:

• Potential offshore and deepwater reserves and latest PSCs signed
• Results of latest licensing round for nine offshore oil and gas blocks
• Exploration in the Nam Con Son basin and what makes it attractive
• Emerging opportunities in petrochemical and downstream markets with new refineries on the horizon
• Short- and long-term oil and gas demand/supply and price trends and its implication for Vietnam
• Updates on the gas sector, gas-related projects and impact of FLNG to the industry
• Latest amendments to BOT/BT/BTO agreements and progress of PPPs
• Key highlights of the Power Masterplan VII as well as the latest and upcoming power generation and transmission projects
• Latest tax policies affecting the oil, gas and power sectors
• Adjustment plans for power pricing and feed-in tariffs
• Expectations and criteria for power project financing in a weakening global economy

Register with your team now by visiting our website at www.cmtevents.com or emailing huiyan@cmtsp.com.sg to enjoy minimum discounts of USD900 for groups of 3 or more!

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, Energy Consultants,
Additives and Catalyst Companies, Project Financiers,
Storage & Terminal Companies,
EPC Companies, Legal Counselors

Sembcorp to explore feasibility of developing Vietnam power plant- Channel News Asia

JAKS to expand power project in Vietnam - Thestar online