THE INVESTMENT STRATEGY'S ADJUSTMENT OF THE PHU MY – HO CHI MINH CITY GAS PIPELINE PROJECT
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The Gas Pipeline Phu My – Ho Chi Minh City Project has been adjusted by the Prime Minister’s approval (document No.1584/TTg-DK dated Oct 14th, 2005) and it will be conducted separately into two phases. The phase one of the said policy is the investment to build the pipeline Phu My – Nhon Trach – Hiep Phuoc in order to supply gases for Hiep Phuoc Power-Station Plant and the other Plant at Nhon Trach with a capacity of 450 MW. The phase two will be the pipeline from Nhon Trach – Ho Chi Minh City
Referring to the said document, to estimate the feasibility for investment of Project’s phase two, Vietnam Oil & Gas Corporation is assigned to keep research the gas-consumed market at Ho Chi Minh City, gas-supply’s ability; as well as to make a report to adjust the Project investment strategy in accordance with the said policy in order to get assessment from Ministry of Industry as well as to submit the Prime Minister’s final sanction.
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