Decision No. 459/QD-TTg of March 30, 2011, approving master plan of development of Vietnam gas industry in the 2015 period, an orientation toward 2025
THE PRIME MINISTER
SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
Hanoi, March 30, 2011
APPROVING MASTER PLAN OF DEVELOPMENT OF VIETNAM GAS INDUSTRY IN THE 2015 PERIOD, AN ORIENTATION TOWARD 2025
THE PRIME MINISTER
Pursuant to the Law on Organization of Government dated December 25, 2001;
Pursuant to the Decision No.386/QD-TTg dated March 09, 2006 of the Prime Minister approving “the development strategy of Vietnam oil and gas industry in the 2006 – 2015 period, an orientation toward 2025”;
Pursuant to the Decision No.223/QD-TTg dated February 18, 2009 of the Prime Minister approving “Development plan of Vietnam oil and gas industry in the up to 2015 period, an orientation toward 2025”;
At the proposal of the Minister of Industry and Trade,
Article 1. To approve the master plan for developing Vietnam gas industry in the up to 2015 period, an orientation toward 2025 with the following main contents:
1. Development viewpoint
To develop synchronously, efficiently the gas industry through the promotion of domestic resources and to strengthening international cooperation, promote the decisive role of the state in investment in infrastructure of gas industry.
To develop gas industry on the principle of using economically, efficiently and rationally the domestic natural resources; to strengthen import to ensure energy resource for sustainable national development.
To promote investment in deep processing of natural gas and diversify products to enhance the use value of gas and the efficiency of gas products in the economy, reduce the proportion of imported LPG.
To develop infrastructure system on the principle of using the maximum capacity of existing infrastructure system (pipelines, collection stations, processing,...).
To develop gas consumption markets under the market mechanisms regulated by the State and gradually integrate into the international and regional gas market.
To contribute the long-term energy security assurance for the country and implement the policy of sustainable development.
2. Development targets
On exploration, mining of gas in the country: to promote exploration, appraisal in order to correct potentiality, natural gas reserves for put early detection of commercial gas into exploitation; to strive to reach exploitation production of domestic natural gas over 14 billion m3 per year in 2015 and reach 15 to 19 billion m3 per year in the 2016 - 2025 period.