Wine is one of the utmost popular drinks consumed worldwide. The escalating demand for wine, because of its unusual taste and health assistances is one of the key aspects boosting the growth of the global wine market. The global wine mar…
BMI View: Vietnam's self-sufficiency in crude oil and natural gas are set to come to an end in 2018, as
falling production prove increasingly insufficient to meet rising demand. The start-up of new oil and gas
infrastructure over the next five years will significant expand the country's total refining capacity and LNG
Latest Updates And Key Forecasts
? Binh Dinh province scrapped PTT PCL and Saudi Aramco-led development of the Nhon Hoi refinery,
after the USD20.0bn project failed to take-off following four years of delays.
? Japan's Tokyo Gas formed an LNG joint-venture (JV), LNG Vietnam, with state-owned PetroVietnam
and private firm Bitexco. The JV will manage all LNG facilities in the country and oversee procurement
and distribution of LNG once first trade commences in 2018.
? Vietnam is set to become a net importer of both crude oil and natural gas from 2018, due to falling
production and rising domestic energy requirements.