The facility is designed with acapacity of processing 6.2 million cubic meters of natural gas takenfrom gas fields in the south-western region on a daily basis. It isexpected to diversify highly-value oil and gas products in the region,ensure the national energy security, and contribute to the localsocio-economic development.
Speaking at thelaunching ceremony, Prime Minister Nguyen Tan Dung acknowledged effortsby the Vietnam Oil and Gas Group (PetroVietnam) to start construction ofthe plant and welcome the safe transport of 10 billion cubic meters ofnatural gas from the PM3 – Commercial Arrangement Area (PM3-CAA) to theCa Mau Gas-Electricity-Fertiliser Complex.
He urgedthe group to work hard for the early operation of the plant, which isexpected to generate over 5 trillion VND (238 million USD) in annualproduction value once completed by the end of 2016.
He also lauded the group for fulfilling the Government targets of oil and gas exploration and exploitation in 2014.
The gas processing plant is part of a project worth over 10 trillionVND (476 million USD), which also includes installing additionalpipelines offshore to increase transport capacity of the PM3-Ca Mau gaspipeline network from 5.8 million cubic meters to 6.95 million cubicmeters per day, building a storage system of 8,000 tonnes of liquefiedgas (LPG) and 3,000 cubic meters of condensate, and a port systemserving the export of liquid products at Khanh An industrial park in UMinh district.
With a total investment of nearly 300million USD, the PM3-Ca Mau gas pipeline currently brings ashore 6.25million cubic meters a day, a remarkable rise from its initial capacityof 5.47 million cubic meters of gas. It is able to supply sufficient gasfor two power plants to generate around 8 billion kWh of electricityand a fertiliser plant produce 800,000 tonnes of products annually.
By 2014, the Ca Mau Gas Company provided over 10.86 billion cubicmeters of gas for the power and fertiliser plants to produce over 50billion kWh of electricity and 2,000 tonnes of fertiliser, respectivelyaccounting for 7 percent and 40 percent of the country’s figures.-VNA