LPG Demand to Rise 10 per cent Yearly in 2007-2010
Demand for liquefied petroleum gas (LPG) in Vietnam is forecast to increase by 9-10 per cent (or 100,000 tons) annually from now until 2010, reported local media.
The estimate is based on the country’s 15 per cent per year growth in gas demand over the past decade, the highest rate in the region.
Vietnam now has around 100 gas trading companies, including 10 big firms responsible for importing and distributing LPG in the local market.
Among the traders, some world giants already have a presence in Vietnam such as BP, Shell, Total, PTT and Petronas.
Currently, foreign and joint venture companies hold over 50 per cent of the market.
Vietnam is estimated to consume nearly one million metric tons annually in coming years. In 2006, the country consumed around 800,000 tons, about 60 per cent was imported.
Vietnam is still heavily reliant on gas imports, as its only gas plant, Dinh Co, can only meet 40 per cent of domestic demand, even running at full capacity. (Urban Economy)
Vietnamese
