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Petrovietnam, Exxon Mobil Sign Deal On Gas Generation

State energy group PetroVietnam (PVN) signed an agreement with the Vietnamese unit of U.S. Exxon Mobil Corp on Friday to develop the country's biggest gas project for power generation, the state firm said
The Blue Whale project aims to produce the first gas for power plants by 2023. PVN said the project would contribute nearly $20 billion to the state budget, but it gave no timeframe for that contribution. Blue Whale is Vietnam's biggest gas project with an estimated 150 billion cubic metres of reserves. The signing took place during the visit to Vietnam of U.S. Secretary of State John Kerry. Vietnam is trying to switch to cleaner energy from coal-fired power plants. Annual power demand growth was projected at up to 20 percent. (By Reuters l Reporting by My Pham l editing by Susan Thomas)

State energy group PetroVietnam (PVN) signed an agreement with the Vietnamese unit of U.S. Exxon Mobil Corp on Friday to develop the country's biggest gas project for power generation, the state firm said

The Blue Whale project aims to produce the first gas for power plants by 2023. PVN said the project would contribute nearly $20 billion to the state budget, but it gave no timeframe for that contribution.

Blue Whale is Vietnam's biggest gas project with an estimated 150 billion cubic metres of reserves.

The signing took place during the visit to Vietnam of U.S. Secretary of State John Kerry.

Vietnam is trying to switch to cleaner energy from coal-fired power plants. Annual power demand growth was projected at up to 20 percent.

(By Reuters l Reporting by My Pham l editing by Susan Thomas)

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The oil and gas industry embodies millions of workers from across the planet at all levels of seniority. A career in this space means you're confronted with a competitive industry, yet a financially and emotionally rewarding experience. In this blog we provide you with some practical tips to help you get started with your Oil and Gas career.

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