Market Report, "Vietnam Oil & Gas Report Q2 2016", published

New Energy market report from Business Monitor International: "Vietnam Oil & Gas Report Q2 2016"

[ClickPress, Thu Mar 31 2016] Vietnam's self-sufficiency in crude oil and natural gas is poised to come to an end in 2018 and 2017, respectively, on account of declining production and rising demand. Large refining capacity additions over the next five years is set to exacerbate the country's reliance on crude imports, though this will help to reduce Vietnam's need for refined fuels imports in the short-to-medium term. The expected start-up of several LNG import terminals will pave the way for Vietnam to begin first LNG imports, though any delays or cancellations to these projects pose significant downside risk to our forecasts.

Latest Updates And Key Forecasts

Vietnam is set to become a net importer of crude oil and natural gas from 2018 and 2017, respectively, due to falling production and rising domestic energy requirements.

Full Report Details at

The coming online of two proposed LNG projects, the Thi Vai and Son My terminals (slated for 2017 and 2018, respectively), remains critical to our forecasts. As such, delays or cancellations to these projects could pose downside risk to our forecasts and increase the risk of a gas shortage.

Even as large refining capacity additions reduce dependence on refined fuels over the short-to-medium term, consumption gains will eventually outpace output growth and deepen Vietnam's reliance on imports over 2021-2025.

Exploration efforts remain relatively robust in Vietnam's offshore blocks, though ongoing maritime dispute with China impedes all such efforts in the highly prospective South China Sea.

The Vietnam Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Vietnam including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Vietnam Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Vietnamese oil and gas industry.

Key Benefits
Benchmark BMI's independent oil and gas industry forecasts for Vietnam to test consensus views - a key input for successful budgeting and strategic business planning in the Vietnamese oil and gas market.
Target business opportunities and risks in the Vietnamese oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Vietnam.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.


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