HCMC – PetroVietnam Gas Joint Stock Corporation (HOSE: GAS) and PetroVietnam Power Corporation (HOSE: POW) have signed a contract to supply liquefied natural gas (LNG) for test operations at Nhon Trach 3 and 4 power plants.
The deal is part of Vietnam’s push to expand LNG use in energy production to meet the Government’s commitments to emissions reduction.
POW is developing several large LNG-powered projects, including Nhon Trach 3 and 4, and is transitioning some gas-fired plants to LNG. GAS will provide imported LNG to replace dwindling natural gas supplies in the southern region, which are decreasing by one billion cubic meters annually.
The first LNG shipment for Nhon Trach 3 and 4 is expected to support trial operations and ensure timely project progress, contributing to energy security in southern Vietnam.
Closing the trading session today, POW edged down by 0.8% to VND12,450 per share while GAS remained flat, at VND69,300.
The VN-Index of the Hochiminh Stock Exchange moved sideways today, inching up just 0.01%, or 0.14 point, to 1,242.11 points, with 193 winners and 181 losers.
Trading volume and value improved 11% and 2% over the previous session, respectively, with 477.4 million shares worth VND11.14 trillion changing hands. Block deals accounted for 62.7 million shares valued at a total of VND1.67 trillion.
The VN30 basket, which groups the 30 largest-cap stocks, showed little movement, with gains and losses evenly split. The VN30-Index gained a marginal 0.04% versus the session earlier, up 0.46 point to 1,301.52 points.
PLX rose the highest, up by 2.3% to VND40,000 per share, while VIB advanced by 2.2% to VND18,900 per share. VHM dropped by 1.9% to VND41,100 per share, the steepest decliner in the basket.
Steelmaker HPG took the lead by liquidity with a trading volume of over 14.1 million shares, closing up by 0.38% to VND26,400.
The Hanoi Stock Exchange (HNX) also saw little change. The HNX-Index rose by 0.48 point, or 0.21% to 223.57 points, with 75 gainers and 62 decliners. Trading volume on the northern market reached 31.5 million shares valued at VND539.3 billion.
