PetroVietnam Affiliate to Build Two CNG Depots in South

PetroVietnam Southern Gas Joint Stock Company (PV Gas South), an affiliate of the state-owned oil monopoly PetroVietnam group, is preparing to kick off construction of two compressed natural gas (CNG) depots in Ho Chi Minh City and southern Ba Ria-Vung Tau province, the company’s chairman Nguyen Si Thang said.

 

The warehouses are expected to facilitate fuel supply for 800 public buses to be imported early July, Thang said at a conference entitled “The Green Road to Vietnam” on April 6.

 

CNG can be used in traditional internal combustion engine vehicles that have been converted and costs half the price of gasoline.

 

By running on CNG instead of diesel, a bus is estimated to save US$8,000 a year in addition to virtually eliminating pollution because it is cleanly-burning.

 

CNG reduces carbon monoxide emission by between 70 per cent and 87 per cent of nitrogen oxide compared to diesel.

 

PetroVietnam is planning to build 360 CNG retail stations throughout the country at a total cost of over US$250 million by 2010. (VietnamNet)