oilgasvietnam
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HCMC - PetroVietnam Gas Corporation (PV Gas) said that its gas production and supply have surpassed the full-year targets though the year is not yet out.
The corporation said in a statement released on December 16 that its gas output had already reached the 2015 target of more than 9.77 billion cubic meters as of December 3. The figure is projected to exceed 10.42 billion cubic meters this year, 7% higher than the target.
This year, PV Gas has seen the highest volume of gas consumed in 25 years, with accumulated sales amounting to more than 100 billion cubic meters in the period.
PV Gas said the liquefied petroleum gas (LPG) output of Dinh Co gas processing plant in Ba Ria-Vung Tau Province had reached 233,000 tons as targeted for all of 2015 by November 9 and is forecast to stand at 282,000 tons this year.
LPG sales had hit the full-year target of 960,000 tons as of October and are forecast to rise to 1.32 million tons this year.
At an annual general meeting held earlier this year, shareholders of PV Gas passed a plan to supply 9.77 billion cubic meters of gas, as well as produce and sell 960,000 tons of LPG. Together with its member companies, the corporation hopes to meet over 70% of total LPG demand in the country.
In addition, PV Gas looks to after-tax profit of VND11.339 trillion and pledged a dividend of 30% of chartered capital.
The profit target was made on the crude oil reference price of US$100 per barrel. However, the world oil price has plunged below that projected price.
The corporation said in a statement released on December 16 that its gas output had already reached the 2015 target of more than 9.77 billion cubic meters as of December 3. The figure is projected to exceed 10.42 billion cubic meters this year, 7% higher than the target.
This year, PV Gas has seen the highest volume of gas consumed in 25 years, with accumulated sales amounting to more than 100 billion cubic meters in the period.
PV Gas said the liquefied petroleum gas (LPG) output of Dinh Co gas processing plant in Ba Ria-Vung Tau Province had reached 233,000 tons as targeted for all of 2015 by November 9 and is forecast to stand at 282,000 tons this year.
LPG sales had hit the full-year target of 960,000 tons as of October and are forecast to rise to 1.32 million tons this year.
At an annual general meeting held earlier this year, shareholders of PV Gas passed a plan to supply 9.77 billion cubic meters of gas, as well as produce and sell 960,000 tons of LPG. Together with its member companies, the corporation hopes to meet over 70% of total LPG demand in the country.
In addition, PV Gas looks to after-tax profit of VND11.339 trillion and pledged a dividend of 30% of chartered capital.
The profit target was made on the crude oil reference price of US$100 per barrel. However, the world oil price has plunged below that projected price.
Source: thesaigontimes.vn/
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