DNV signs MoU for Vietnamese LNG distribution

Vietnam’s deputy prime minister Hoang Trung Hai witnessed the signing of a Memorandum of Understanding (MoU) with risk-management company DNV at its headquarters in Oslo, following the Vietnamese government’s decision to start importing liquefied natural gas (LNG).

This sets the framework for DNV to work proactively with Vietnamese fuel company Petrovietnam and its subsidiary PV Gas to safely and efficiently introduce and distribute LNG within Vietnam, and to assist in creating an appropriate legislative safety regime.

The agreement enables DNV to assist Vietnam on risk-management issues associated with the use of LNG, how to use the waterways to distribute LNG and how to utilise LNG as fuel for the coastal shipping and river transportation.