Shipment helps secure fuel as LNG markets face upheaval

Petrovietnam Gas Joint Stock Corporation has received its first liquefied natural gas shipment of 2026, as escalating Middle East tensions disrupt global supply chains and push prices higher across Asian and European markets.

- By Nha Phuong

LNG imports form part of efforts to proactively secure fuel supplies for the power system

The corporation, known as PV GAS and a member of Petrovietnam, announced that the liquefied natural gas (LNG) carrier Fat’h Al Khair safely docked at the company’s Thi Vai LNG terminal on March 10, delivering approximately 63,000 tonnes.

The shipment marks PV GAS’s first LNG import of the year and forms part of efforts to proactively secure fuel supplies for Vietnam’s power generation system amid growing volatility in global energy markets.

The cargo was loaded on February 26 in the Middle East. The vessel departed the region and transited the Strait of Hormuz before military tensions involving Iran escalated in early March.

After several days at sea, the vessel arrived safely at the terminal in the former province of Ba Ria—Vung Tau, now part of Ho Chi Minh City. The LNG will be regasified at the facility and supplied to gas-fired power plants, helping ensure fuel availability for the national electricity system as energy demand continues to increase.