At the reception, Mr. Dung affirmed that Vietnam appreciated the company’s participation in developing and exploiting gas at Blue Whale field and implementation progress for the last past.
The project plays an important role in specifying and deepening the cooperation relationship between Vietnam and the US, he said.
Mr. Greenwood affirmed that the project plays a significant role to the group in intensifying cooperation with Vietnam in oil and gas exploitation and processing.
In the upcoming time, the group together with Vietnam will study implementation of oil and gas exploitation projects in Vietnam.
The Blue Whale locating at 100 kilometers east off the coast in Vietnam’s central region, is considered as the largest one in Vietnam at present.
One being exploited, the project will supply an especially important source of natural gas for electricity generation demand and petrochemical industry. It will be the motive power to develop local industries, contributing in ensuring energy security for the country and creating jobs for the central region.
Recently, the Prime Minister has approved the plan of building four gas fired power plants with the total capacity of 3,000MW. The plant will use gas from the Blue Whale.
Of these, two will be built in Tam Quang commune, Nui Thanh district, Quang Nam province and two in Dung Quat Economic Zone, Binh Son district, the neighboring province of Quang Ngai.
Previously, the PM had approved the policy of setting aside a volume of gas from the Blue Whale to develop petrochemical industry.
