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CNI - CN CO., LTD. CNI Completes Construction of Thị Vải LNG Truck Loading Station News
CNI - CN CO., LTD. CNI Completes Construction of Thị Vải LNG Truck Loading Station News

Bà Rịa – Vũng Tàu, Viet Nam, 6th November 2023 – CNI proudly announces the completion of the Thị Vải LNG truck loading station, a crucial component of the Thị Vải LNG Terminal project. As the EPC contractor for this significant venture, CNI has successfully delivered on its commitment to PetroVietnam Gas (PV GAS), the project’s investor.

The Thị Vải LNG Terminal stands as Vietnam’s first and largest LNG terminal, solidifying LNG’s integration into PV GAS’ value chains. With the imminent inauguration and operational commencement of the Thị Vải LNG Terminal, the entire PV GAS Vũng Tàu Terminal will be transformed into a highly valuable asset. This transformation ensures a continuous supply of LNG to existing customers, new clients, power plants, and more, significantly contributing to the Government’s objectives for the national energy sector and gas industry.

The project, executed over 18 months starting from the 6th of May, 2022, includes the construction of three LNG truck loading stations, three tank truck weighing stations, and comprehensive auxiliary facilities. These facilities encompass civil work, firefighting systems, impounding basins and an electricity system, all designed to ensure the highest standards of safety and efficiency.

CNI’s successful completion of the Thị Vải LNG truckload station marks a significant milestone in Viet Nam’s energy infrastructure development, paving the way for a more robust and reliable energy supply chain.

About PetroVietnam Gas Joint Stock Corporation

The infrastructure system of PetroVietnam Gas includes the systems for collecting, transporting, processing, and distributing gas: the Cửu Long Basin and Nam Côn Sơn Basin systems supply gas to consumers in the Southeast region; the PM3 – Cà Mau system provides gas to consumers in the Southwest region; and the Hàm Rồng – Thái Bình system supplies gas to consumers in the Northern region. PV GAS also owns the largest and most modern refrigerated LPG storage facility in Viet Nam, with a capacity of 60,000 tons. This comprehensive system includes large-scale liquid product storage and distribution facilities, such as storage tanks, liquid product export ports, and systems for exporting liquid products by ship and tanker truck. The total storage capacity of this system is over 92,000 tons of LPG, accounting for over 50% of the country’s total storage capacity, and about 46,000 m3 of condensate. Additionally, there is a network of LPG filling stations across various provinces and cities nationwide.

About CNI

CN CO., LTD. (CNI) is a leading manufacturing and construction company in Southeast Asia, focusing on onshore and offshore static equipment. We specialize in Pressure Vessels, including Process Vessels and Storage Tanks, Electromechanics Systems and oversized Steel Structures.

We provide a full range of services complying with international standards and customize every project to meet clients’ specific requirements.

With nearly three decades of experience and expertise, CNI has brought reliable solutions to our customers from a wide range of industries including Oil & Gas, Energy, Chemical, Steel Fabrication, Thermal Power Plant,…

Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected” and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, CNI’s new technologies and partnerships; statements about goals, plans and projections with respect to sustainability and environmental matters; forecasts or expectations regarding energy transition and global climate change; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to achieve net-negative carbon emissions goals; the inability to recognize intended benefits of CNI’s strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; the timing or receipt of regulatory approvals and permits; and other risks and uncertainties detailed. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and CNI disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.