Illustrative image. — Photo courtesy of Novatek

Deputy Minister of Industry and Trade Nguyễn Sinh Nhật Tân held a working session in Hà Nội on March 20 with Russia’s Novatek Group to explore potential collaboration in Việt Nam's liquefied natural gas (LNG) sector.

E.N. Golm, director of Business Development at Novatek, highlighted the company's existing involvement in Việt Nam's energy sector. She mentioned a 1.5GW power plant project currently underway in Cà Na, the south central province of Ninh Thuận, which is being developed by a consortium of contractors, including Novatek alongside Zarubezhneft, Total, and Siemens.

Golm expressed Novatek's strong interest in expanding its presence in Việt Nam's LNG market, beyond just the Cà Na project. The company sees Việt Nam's growing natural gas market as an attractive opportunity, she said.

Tân welcomed Novatek's interest and provided additional information to guide the company's LNG investment projects in Việt Nam. He expected that Novatek would expedite the completion of Cà Na power plant project as soon as possible.

Founded in 1994, Notatek specialises in exploration, production and processing of natural gas and liquefied hydrocarbons. It is also known as the largest independent natural gas producer in Russia. — VNS