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Vietnam’s largest LPG refrigerated terminal takes shape

Construction of Vietnam's largest liquefied petroleum gas refrigerated terminal with the total investment capital of $245 million began yesterday in Long An City.

Construction of Vietnam\'s largest liquefied petroleum gas refrigerated terminal with the total investment capital of $245 million began yesterday in the Mekong Delta province of Long An.

State-run Petrovietnam and Vinabenny Energy Joint Stock Company, the terminal’s investors, said that the terminal\'s total storage capacity of around 84,000 metric tonnes of LPG.

Saigon Liberation newspaper reported that the terminal was expected to help reducing cost and guarantee the nation’s energy security.

Vietnam\'s consumption of LPG went up from 400,000 metric tonnes in 2000 to 1,200,000 metric tonnes in 2010. It is predicted the domestic demand for LPG in 2015 would be at around 1,5 million metric tonnes.

Moreover, when two refineries Nghi Son and Long Son are officially operated, they will be able to produce 700,000 tonnes of LPG (around 40 per cent of the demand); therefore, it will have to import the remaining 800,000 tonnes of the products to meet the domestic demand

Saigon Liberation also reported Vietnam’s current storage capacity is very small with 31 warehouses whose capacity ranges from 500 tonnes to 4,000 tonnes. Only four of them have capacity of over 3,000 tonnes. It has hindered LPG enterprises to directly import a large quantity of the mixed hydrocarbon gases from Middle East and Australia but from Asia countries like China and Singapore.

Source: VIR
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