Shell Secures Petrovietnam Gas' First Long-Term LNG Contract

Key Takeaways Shell secures Petrovietnam Gas' first long-term LNG deal, strengthening its foothold in Vietnam's LNG market.Deal supplies 400,000 tons annually from 2027 to 2031, signaling Vietnam's shift away from spot LNG buying.LNG will feed the Thi Vai terminal, supplying gas-fired plants as Vietnam expands power capacity.Shell plc (SHEL) has strengthened its presence in Vietnam’s LNG market by securing Petrovietnam Gas’ first-ever long-term supply contract. The five-year agreement reflects Vietnam’s shi ...