According to the development plan of Vietnam's gas industry to 2025, with orientation to 2035, the target of developing Vietnam's gas market is associated with the National Power development Strategy and Planning.
According to Mr. Hoang Anh Tuan - Deputy Director of Domestic Market Department (MOIT), currently, the gas market in Vietnam has reached a growth rate of over 12%/year, but the domestic gas production and consumption are still low compared to the consumption of the region and the world.
In the 2000-2010 period, the gas demand growth speed was high, an average of 20%/year. In the period of 2011 - 2015, the growth speed of gas demand is 10%, the market scale is nearly 10 billion m3/year and maintained up to now. Most of Vietnam's gas sources are found on the southern continental shelf and the gas production accounts for almost the entire market.
Regarding to the consumption structure, in the period of 2019 - 2035, about 79 - 80% of the market gas is used for power generation; The remainder is allocated to the productions of nitrogen, chemicals, industries and other civil consumption sectors, etc.
The Work Shop was attended by participants from the Ministry of Industry and Trade, the Ministry of Planning and Investment, the Vietnam Gas Association, the Vietnam Oil and Gas Institute, and gas businesses.
Mr. Doan Hong Hai - The representative of Electricity and Renewable Energy Department (Ministry of Industry and Trade) said that Vietnam has 7,200MW of gas-fired power. According to the adjusted VII electricity Plan, by 2025, Vietnam will have about 15,000MW of gas-fired thermo-power capacity, accounting for 15,6% of the total capacity of power sources. By 2030, the total capacity of gas power plants will be about 19,000MW, equivalent to about 22 billion m3 of gas needed for power generation.
The development of gas-fired thermo-power is assessed by experts to be essential in order to contribute to supplying sufficient power energy to the national needs and enhance the energy security. Gas-fired thermal power will ensure the rapid replenishment of power source for the power system when renewable energies (wind, solar) operate unstably or cannot generate power due to weather conditions.
Phu My 4 Gas-fired Thermal Power Plant (Power Generation Corporation 3). Photo: GENCO 3
However, right after 2020, the domestic gas will not be enough to meet the consumption demand. Vietnam needs to import LNG to make up for the shortage of power generation under the adjusted VII Electricity Planning. By 2030, nearly 50% of the gas fuel for power generation will come from imported LNG.
In order to ensure adequate gas supply for the power generation, the Department of Electricity and Renewable Energy said that it is necessary to stably operate exploiting domestic gas sources such as Nam Con Son, PM3 - Ca Mau, and ensure the deployment of projects of Block B and Blue Whale on schedule.
In addition, it is necessary to build storage for imported LNG in sync with gas power plants, ensure the fuel supply for power plants using LNG as planned and supplement for the declining domestic gas source.
At the Workshop, the agencies, experts also exchanged their views on such issues as solutions to build and complete the gas business infrastructure; mechanism of the gas price formation and mobilization in Vietnam, etc.
Gas supply situation expected in the near future (Unit: m3/year)
|
Year
|
Exploiting output
|
Importing and distributing LNG
|
|
2021 - 2025
|
13- 19 billions
|
1- 4 billions
|
|
2026- 2035
|
17 - 21 billions
|
6 – 10 billions
|