Vietnam - Gas Sector Development Framework : Final Report
Vietnam's gas sector is at a critical point. Vietnam's gas industry, from the producing field to the end-user, is already a vital component of the nation's energy economy and has the potential for major growth. Successes in the past...
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| Format: | Other Environmental Study |
| Language: | English |
| Published: |
Washington, DC
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20100531012205 http://hdl.handle.net/10986/2863 |
| Summary: | Vietnam's gas sector is at a
critical point. Vietnam's gas industry, from the
producing field to the end-user, is already a vital
component of the nation's energy economy and has the
potential for major growth. Successes in the past decade
have created a strong prospective demand for gas. However,
Vietnam has begun to experience gas shortages. If the gas
sector is to meet the rising demand for gas, there are
challenges that must be addressed promptly. If certain key
decisions are not made soon, these gas shortages can be
expected to worsen with potentially serious economic
impacts. To achieve its stated objectives for developing
national gas resources, Vietnam must seek to create a
'moving train' of projects that will convert gas
resources into proven reserves and production. It must also
stimulate investment in the development of the requisite
pipeline infrastructure as well as incentivize investment in
gas consuming loads downstream such as power plants. And
this will require gas pricing in consuming sectors
(particularly the electricity sector) to be appropriately
linked with gas pricing in the upstream gas exploration and
production sector. Much remains to be done if Vietnam is to
realize the potential it sees in its gas resources. This
report proposes a vision, a sector framework and the sketch
of a coordinated implementation roadmap for this development. |
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