Prime Minister Pham Minh Chinh met with Russia’s Novatek Group in Moscow on March 23 during his official visit to the country,  seeking to advance cooperation in liquefied natural gas (LNG) and energy development.

The PM proposed the group to work closely with authorities, relevant agencies and major state-owned energy firms from Vietnam to implement LNG projects. These include the development of large-scale LNG storage facilities in Vietnam.

He also encouraged Vietnamese companies to strengthen collaboration with Novatek in LNG technology development.

Mr. Leonid Viktorovich Mikhelson, Chairman of Novatek, described Vietnam as one of the world’s fastest-growing economies with rising energy demand. He expressed the company’s interest in expanding investment and cooperation in the country.

Novatek has implemented major LNG projects and developed its own liquefied natural gas technologies in Vietnam. The group is exploring opportunities in Vietnam’s LNG sector, including potential involvement in the Ca Na project in Khanh Hoa province in partnership with firms such as Zarubezhneft of Russia as well as broader participation in the country’s growing gas market.