According to PV GAS, by 2024, PV GAS is forced to change and shift to a new “flexible” model in the direction of diversifying business fields, diversifying markets, and diversifying gas products; Strengthen chain link activity.
At the recent Labor Conference of Vietnam Gas Corporation (PV GAS), Mr. Pham Van Phong – General Director of PV GAS (HoSE: GAS) especially emphasized the urgent needs of PV GAS in the coming time. : that is transforming the business model towards diversifying business fields, diversifying markets, diversifying gas products; Strengthen chain link activities to develop synchronously and overall efficiency of production and business activities.
According to PV GAS, in 2023, despite facing a series of challenges and difficulties due to the complicated geopolitical situation; the world domestic economy has low growth; Brent oil prices and stock prices are volatile. Some gas charges/prices have not yet been officially approved by competent authorities. The domestic LPG business market is fiercely competitive and has low growth…
Nhung by always proactively offering solutions With appropriate solutions and high determination, PV GAS has completed the important mission objectives set.
Specifically, the total revenue for the second consecutive year reached over 4 billion USD along with a high profit, corresponding to over 10% of revenue and equal to 25% of the profit of the entire Vietnam Oil and Gas Group (Petrovietnam), contributing contributed nearly 300 million USD to the state budget. Business market share continues to be maintained and developed.
In addition to production and business results, PV GAS received many important events and achievements, especially pioneering the operation of the 1 MMTPA Thi Vai LNG warehouse project. and ready to bring new LNG products to the market. This mark has officially added Vietnam’s name – PV GAS to the global LNG business map, opens a new period of development of Vietnam’s gas industry according to the Government’s energy conversion orientationincubate.
PV GAS believes that the difficulties that PV GAS will encounter in 2023 are only the initial signals of a transition period. In 2024, PV GAS will continue to face and cope with many difficulties and challenges. from factors affected by the market, bottlenecks in policy mechanisms and internal problems that need to be changed/improved to adapt.… To ensure sustainable development, PV GAS is forced to change and shift to a new “flexible” model in the direction of diversifying business fields, diversifying markets, and diversifying gas products; Strengthen chain link activity.
In 2024, PV GAS has identified 9 key tasks to focus on solving 4 main groups of issues: minimizing impacts from the decline of domestic gas resources, changes in the national energy security structure , the decline in gas consumption demand; ensuring growth and maintaining the scale of revenue and profit of the Corporation (TCT); building policy mechanisms for stable development of the Corporation; Search for opportunities/solutions to develop new products and business fields for the Corporation.
Accordingly, there are 3 main solutions that PV GAS will use to solve the problem these Big postonn this is:
A, tSuccessfully implemented the Gas Market Development Strategy with the goal that by 2030 the proportion of gas for electricity generation and the proportion of gas supplied to the non-electricity market will ensure a ratio of 50% – 50%; which prioritizes the implementation of gas processing projects from domestic gas sources.
Hai, tTake advantage of infrastructure, capacity, and resources to develop infrastructure business services and technical services.
Ba, tor change business models according to energy; participate in the gas raw material supply market and participate more deeply in the international business market.
In 2024, to ensure sustainable development, PV GAS is forced to change and shift to a new “flexible” model. General Director of PV GAS, Pham Van Phong. Source: PV GAS
General Director Pham Van Phong requested all PV GAS employees to correctly and fully understand T’s difficulties and challenges.company boss; thereby promoting intelligence, solidarity and joining forces with the Board of Directors to effectively deploy orientations and strategies.
Leaders of the Corporation trust, by identifying difficulties and implementing solutions to change the business model, maximizing the potential of infrastructure systems, techniques, human resources, finance and reputation. credit, PV GAS will continue to be successful in 2024, Continuing to write glorious new chapters in our development journey, with new milestones and new achievements continuously being established.
On January 8 and 9, 2024, the Working Group of the National Assembly’s Science, Technology and Environment Committee – Course 15 came to work at General cVietnam Gas Company (PV GAS). This is a business trip within the plan to examine, absorb and revise the Law project amending and supplementing a number of articles of the Law on Standards and Technical Regulations of the National Assembly.
