• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 1 min GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days If hydrogen is the answer, you're asking the wrong question
  • 18 hours How Far Have We Really Gotten With Alternative Energy
  • 11 days Biden's $2 trillion Plan for Insfrastructure and Jobs

Breaking News:

Oil Prices Gain 2% on Tightening Supply

Sudan's Civil War Sparks Oil Supply Concerns

Sudan's Civil War Sparks Oil Supply Concerns

Sudan's civil war has been…

America Is Growing Wary of the Renewable Energy Boom

America Is Growing Wary of the Renewable Energy Boom

The US renewable energy sector…

Vietnam’s Prime Minister Approves 10-year National Power Plan

Vietnamese Prime Minister Nguyen Tan Dung has approved an ambitious decade-long national power development plan that will attempt to boost Vietnam’s power production to 330 billion kilowatts by 2020.

Under the proposed program, a mere three percent of the power will be imported, with Vietnamese power plants producing the remaining 97 percent, Vietnam Plus news agency reported.

The power will consist of 19.6 percent of the total being generated by hydropower, 46.8 percent by thermal power, 24 percent by natural gas power stations, 4.5 percent from renewable energy sources and the remaining 2.1 percent by nuclear power plants.

The country’s power market will be developed with various forms of investment in building power plants and the trading of electricity, but the state will retain its monopoly over the country’s transmission line network grid to ensure national energy security.

Prime Minister Nguyen also proposed that PetroVietnam and the Russian-Vietnamese joint venture Vietsovpetro expand their exploration efforts to increase oil and natural gas production in order to ensure the nation’s energy security while promoting exports and increasing government revenue.

The Prime Minister made the proposal at the 30th anniversary celebration of the agreement signed between Vietnam and the former Soviet Union establishing Vietsovpetro, an oil and gas joint-venture enterprise, which five years after its founding began producing oil from Vietnam's offshore waters.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News