PV GAS General Director Pham Van Phong said that PV GAS has set a goal of capturing 100% of the market share of natural gas and low-pressure gas by 2030 - Photo: VGP/Le Nguyen
In the first six months of 2025, PV GAS's production and business activities faced many difficulties due to a sharp decline in domestic gas resources, a 15% drop in oil prices, and a 20% decrease in gas mobilization for electricity production compared to the same period last year.
However, with efforts to overcome challenges, PV GAS recorded growth compared to the same period in 2024, with consolidated revenue growing by 8%. Notably, the revenue structure has changed positively when revenue from the LPG/LNG business sector accounted for 55% of consolidated revenue, up 20% over the same period, showing a decrease in dependence on the traditional gas supply sector for electricity.
To achieve the set goals, maintain the fundamental and pioneering role in the gas industry, PV GAS focuses on implementing solutions to ensure supply and proactively control the market such as: Linking value chains inside and outside the Group; considering participating in the downstream stage to ensure the sustainability of the gas value chain; promoting the development of foreign markets; diversifying customers; developing the gas market outside of electricity and related services.
PV GAS is the only unit that owns a complete set of gas energy products, providing comprehensive energy solutions to all market regions - Photo: VGP/Le Nguyen
To master the LNG and LPG sector, PV GAS will increase investment, association and cooperation to lead and guide the market, while expanding the development of integrated energy centers, creating a complete energy ecosystem. Accordingly, it will focus on deep processing, developing new energy and green energy, at the same time, expanding domestic and foreign markets, developing international business and continuing to focus on investing and expanding the domestic market, especially small retail markets because this is a segment that still has many potential opportunities.
With a stable supply of LNG from the central LNG terminal in Thi Vai and import hubs that PV GAS is investing in, PV GAS is the only unit that owns a complete set of gas energy products, providing comprehensive energy solutions to all market regions.
PV GAS's integrated energy-service business model is demonstrated in the synchronization, completion and optimization of the entire supply chain from ensuring the supply of low-pressure gas products, LPG, CNG, LNG; storage and transportation management; investment, service and operation of integrated energy supply stations at customers' factories.
The Corporation has set a target of total unit revenue growth of 8-10%/year, the profit margin after tax/charter capital of the entire Corporation averages 15-20%/year. At the same time, it focuses on investment to form integrated energy centers as a foundation to lead the market and ensure national energy security; pioneer in green energy conversion...
Le Nguyen
Source: https://baochinhphu.vn/pv-gas-dat-muc-tieu-nam-2030-chiem-linh-100-thi-phan-khi-tu-nhien-khi-thap-ap-102250717125750161.htm
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