Global experts will gather at an international event in Hanoi next month to help Vietnam address issues and find out best solutions for the development of downstream oild and gas industry in the context that the country is switching to cleaner energy. 
The previous International Downstream Tech Vietnam. Photo: ConnecForce
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Speakers will be executives from Osaka Gas, PETRONAS, ANZ Bank, Reliance Industries, PetroVietnam Gas JSC, Binh Son Refining and Petrochemical Co., Ltd, Petrovietnam Fertilizer and Chemical Corporation, PetroVietnam R&D Center for Petroleum Processing (PVPro), Nghi Son Refinery And Petrochemical LLC, High Technology Petrochemical JSC, R2E, and GTC Technology.
Deep expertise, ideas and insights into the industry will be highlighted at the 5th International Downstream Tech Vietnam, which will be held on November 12-13 in Hanoi by ConnecForce Limited, an emerging B2B service company.
Actively planning and organizing regional strategy and technology events in South East Asia, India, Middle East, Africa and Turkey, with main focus on cities infrastructure and energy utilities, the upcoming event will enable Vietnam’s governmental officials to listen to recommendations from the experts and international investors to identify opportunities to pour money into the local market.
Vietnam, with demand for energy growing at a double-digit demand growth over the past years, needs to unlock potential to make the supply and demand met.
The previous event draws a large number of international experts. Photo: ConnecForce
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The country needs capital investment, a fully developed transnational pipeline grid and legal framework for both midstream and downstream. Accordingly, Vietnam needs US$4.3 billion to invest in LNG terminals and power plants to meet the domestic demand.
Downstream projects in Vietnam include Binh Son refinery and petrochemical complex and expansion, Hyosung’s Polypropylene 600 KTA plant, PVCFC’s Ca Mau Fertilizer 300 KTA NPK expansion, Long Son Petrochemical Complex 450 KTA PP & 950 KTA PE, Unannounced Plant 300 KTA PP, PV Gas’s Thi Vai Son My LNG Termination is designed to have capacity of 1 million metric ton (mt)/year in its first phase in 2022 and 3 million mt/year by 2023 in the second phase.
Despite the stable operation of Nghi Son refinery and the imminent run of Nghi Son petrochemical complex, Vietnam’s demand remains large. Indeed, the current refinery capacity is not able to meet the rising domestic consumption, requiring a huge amount of investment in the refining sector.
Over the past few years, some petrochemical projects have become operational but some remains in construction vision namely the expansion of Nghi Son Refinery & Petrochemical complex (LAB, PTA, PET); Blue Whale Natural Gas, Long Son Petrochemical Complex, deep processing from ethane and propane (450 KTA PP & 950 KTA PE; VCM, MEG).
To develop the industry, challenges and opportunities remain ahead to secure investment together with changes in policies, the upcoming event is expected to tackle part of the problems.
