📋 Tender Overview
In the first 6 months of 2026, Vietnam Gas Corporation (PV GAS), the main unit of Vietnam National Industry and Energy Group (Petrovietnam), has completed the profit plan and submitted the budget for the whole year. This result reflects PV GASs ability to maintain growth as well as its important role in ensuring national energy security. Download PV GAS maintains gas supply to ensure national energy security PV GAS proactively diversifies LPG and LNG supply In the first 6 months of 2026, the energy industry in general and PV GAS in particular operate in a volatile international market context, especially impacted by the conflict in the Middle East between the US, Israel and Iran, increasing the risk of LPG and LNG supply disruption, pushing up prices and affecting consumption demand. In the context of Accordingly, PV GAS maintains production and business activities and ensures the supply of gas, LNG, LPG for consumers. According to the reviewed consolidated financial statements, in the first 6 months of 2026, PV GAS recorded accumulated consolidated revenue of over 82.0 trillion VND, equivalent to 58% of the year plan; pre-tax profit of over 11.2 trillion VND, reaching 99% of the plan; Profit after tax is over 9.0 trillion VND, completing the yearly plan; paying over 5.5 trillion VND to the State budget, reaching 122% of the whole year plan. In the second quarter of 2026 alone, revenue reached about 43.6 trillion VND, pre-tax profit was more than 7.4 trillion VND, an increase compared to the previous quarter in the context of gas demand for power generation remaining high in the dry season. In 2026, PV GAS set a revenue target of 142 trillion VND, pre-tax profit nearly 11.3 trillion VND and after-tax profit of over 9 trillion VND. The results achieved after the first half of the year create favorable space for PV GAS to complete financial targets, although the market still has many uncertain factors in the remaining months. Along with maintaining production and business efficiency, PV GAS focuses on ensuring the supply of gas, LNG and LPG for consumers. Faced with fluctuations in the international market, businesses proactively diversify product sources, strengthen cooperation with international partners and optimize import plans, thereby maintaining supply to serve the essential needs of the economy. In the first 7 months of the year, gas consumption reached over 4.2 billion Sm3, equal to 105% of the plan, up 17% over the same period; LPG and LNG business reached nearly 2.1 million tons, equal to 96% of the plan. PV GAS has arranged about 658 million Sm3 of LNG to supplement supply for PV Power power plants and power generation units under EVN/EVNGENCO3 during the peak dry season; At the same time, supplying about 865 thousand tons of LPG to the domestic market and exporting to Cambodia. Diversifying import sources from Australia, the United States, Canada and Southeast Asian countries contributes to improving the flexibility of the supply chain, proactively responding to fluctuations in the international energy market. Download The ship METHANE MICKIE HARPER transporting about 73,000 tons of LNG from Canada docked at Thi Vai LNG Terminal on June 7, 2026PV GAS is highly focused on reaching the finish line in the second half of 2026In the investment field, the parent companys disbursement value reached over 2.5 trillion VND, focusing on key projects such as Vung Ang LNG Warehouse, Su Tu Trang gas gathering and transportation pipeline and Su Tu Trang field. Block B gas pipeline project. The enterprise also continues to implement plans to expand the capacity of Thi Vai LNG Warehouse to 3 million tons/year, meeting the increasing LNG demand of the market in the medium and long term. These projects contribute to expanding gas and LNG infrastructure capacity and improving the ability to meet energy demand in the coming period. The outlook for the last 6 months of the year still poses many challenges for PV GAS. Oil prices continue to fluctuate, gas demand often declines during the rainy season, while international business activities are forecast to recover more slowly than expected. Besides, accelerating the progress of key projects and completing disbursement plans also creates pressure on businesses. According to operating orientation, PV GAS will focus on market development, expanding gas and LNG consumption, gradually restoring international business activities; At the same time, strengthening the integration of supply chain, logistics and services to improve operational efficiency. Infrastructure investment continues to be focused. In addition to ongoing LNG projects, the enterprise aims to seek upstream investment opportunities and appropriate mergers and acquisitions (M&A) deals, thereby expanding its product portfolio and diversifying sources of growth. In parallel, PV GAS continues to promote digital transformation, management innovation and organizational restructuring to improve operational efficiency, strengthen risk management and prepare for the next stage of development. Results achieved in the first half of the year create opportunities. basis for PV GAS to continue to realize its business goals in 2026. Along with implementing infrastructure projects, expanding markets and improving management capacity, the business aims to develop the gas and LNG ecosystem, contributing to ensuring national energy security.Le Thanh
