VIETNAM – GAS
November 1st, 2002
BY MARK ROWE
VIETNAM'S first commercial gas production, a US$1.3 billion project, began last month (November). The venture, between BP and India's ONGG Videsh, is based in the Lan Tay and Lan Do fields of the Nam Con Son basin, 224 miles off southern Vietnam. The gas is for domestic sale only with annual profits expected to be US$200 million.
VIETNAM'S first commercial gas production, a US$1.3 billion project, began last month (November). The venture, between BP and India's ONGG Videsh, is based in the Lan Tay and Lan Do fields of the Nam Con Son basin, 224 miles off southern Vietnam. The gas is for domestic sale only with annual profits expected to be US$200 million.
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