Vietnamese LNG works on politics and price
Hanoi needs energy security. But US LNG can also tick some boxes for its relationship with Washington
Vietnam will select future LNG suppliers for a projected spike in gas import demand based on geopolitics as well as economics, according to asset management firm Energy Capital Vietnam (ECV), which is dealing closely with the Hanoi government. The country’s demand is expected to rise to 31bn m³ by 2035, from 10bn m³ in 2019. Current demand is met from indigenous production, but its largest fields are set to decline and to stop production entirely by the late 2020s to mid-2030s, consultancy IHS Markit estimates. While there is the potential for new domestic reserves to be brought on stream, there is risk of delay, due in part to slow government permitting processes, but also to Chinese territ
Also in this section
10 March 2026
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
