Vietnam, which began purchasing liquefied natural gas (LNG) in 2023, has received its first shipment of gas from Russia. The delivery volume was 58,200 tons, and it was delivered to the Thi Vai terminal as part of the Sakhalin-2 project. Bloomberg reports this.
Until recently, Vietnam purchased LNG from countries such as Qatar, Malaysia, Indonesia, and Brunei. The Thi Vai terminal has a capacity of one million tons per year. The launch of the second Cai Mep terminal is planned for the near future, which will be able to process up to three million tons, with the possibility of increasing to six million tons per year.
In early May, the Russian government approved several agreements to expand cooperation with Vietnam in the field of oil and gas production. The parties agreed on the development of new projects, including the supply and processing of crude oil and LNG.
In addition, the Vietnamese side began purchasing petrochemical raw materials from Russia. This month, Russia for the first time sent a shipment of naphtha (a mixture of light hydrocarbons obtained during oil refining) to Vietnam. According to Reuters, the tanker Northernlight loaded about 60,000 tons of naphtha at the port of Vysotsk and arrived in the province of Khanh Hoa on August 3 for unloading.
At the terminal, the tanker unloaded 27,000 tons of naphtha, and the remainder is heading to the Chinese port of Dalian. Since the introduction of EU sanctions in February 2023, export flows of naphtha from Russia have been reoriented to countries in Asia, Turkey, Brazil, and Africa.
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