Vietnamese company PV GAS signed the country’s first long-term liquefied natural gas supply contract with Shell Eastern Trading, strengthening energy security and supply for power generation between 2027 and 2031.
Vietnam strengthens its energy strategy with LNG
PV GAS, a subsidiary of Petrovietnam Gas Joint Stock Corporation, signed a liquefied natural gas (LNG) purchase agreement with Shell Eastern Trading (Pte) Ltd on June 30 to guarantee supply during the period 2027-2031. The agreement is the result of International Tender No. 01 for Term LNG Acquisition Packages, which was launched at the end of 2025.
With this operation, Vietnam finalizes its first long-term LNG supply contract; the initiative strengthens the national strategy of diversifying energy sources and seeks to ensure a stable supply to meet the growth in electricity demand.
PV GAS strengthens its presence in the international LNG market
The contract positions PV GAS as the first Vietnamese company to meet the technical, commercial and operational conditions necessary to sign long-term supply agreements in accordance with global LNG market standards.
Likewise, the process demonstrates the company’s ability to manage international tenders under criteria of transparency, competition and alignment with the best practices of the energy industry.
The call sparked interest from numerous international suppliers of liquefied natural gas, reflecting the growing relevance of the Vietnamese market within the global LNG trade.
Shell strengthens its trade relationship with Vietnam
Shell Eastern Trading, a subsidiary of Shell plc, was selected as the supplier after completing the competitive bidding process. The company is part of one of the world’s largest LNG traders and supplied more than 72.9 million tons during 2025.
The relationship between the two companies began earlier with the delivery of the first shipment intended for the start-up of the Thi Vai LNG terminal in July 2023. That operation allowed the start of LNG import activities in Vietnam and laid the foundation for the development of the domestic market.
An agreement aimed at guaranteeing future supply
The signing of this contract represents a significant step toward strengthening the country’s energy security through diversified and competitive supply sources. At the same time, it reinforces PV GAS’s image as a reliable LNG importer in Asia and expands its capacity to supply Vietnamese users for years to come.
The agreement also responds to the Vietnamese government’s strategy to promote a more resilient energy matrix capable of supporting industrial growth and the expansion of electricity generation through the use of liquefied natural gas.
Source and photo: Pvgas
