Song Hau 1 Thermal Power Plant, a "bright spot" in Petrovietnam's energy industry development. (Photo: Petrovietnam)

Its motto, “One Team – One Goal,” has been reaffirmed not only in words but through a series of large-scale national projects. Among them is the Song Hau 1 Thermal Power Plant, a key project in the Southwest region, which was completed and connected to the national grid in 2022, helping stabilize power supply for southern Vietnam.

Both units of the Thai Binh 2 Thermal Power Plant officially entered commercial operation in 2023. The Block B – O Mon gas-to-power chain—widely regarded as a new growth engine for the Mekong Delta—has been launched across its upstream, midstream, and downstream segments.

The “One Team – One Goal” spirit is also embodied in a series of major offshore oil and gas development projects. Projects such as Sao Vang–Dai Nguyet, Dai Hung Phase 3, Kinh Ngu Trang – Kinh Ngu Trang Nam, and the BK-24 wellhead platform have all been brought into operation safely, on schedule, or ahead of schedule.

These projects help maintain production output and optimize system-wide infrastructure, underscoring the technical, managerial, and organizational capacity of Petrovietnam’s engineers and workforce. In addition, potential projects such as White Lion 2B and Dai Hung Nam are being rolled out to expand new production space and secure medium- and long-term output.

The Sao Vang - Dai Nguyet field is put into operation in late 2020. (Photo: Petrovietnam)

One of Petrovietnam’s most symbolic achievements is the Thi Vai LNG Terminal, with an initial capacity of 1 million tons per year. The project has officially ushered Vietnam into the liquefied natural gas (LNG) era, a crucial step in the national energy transition.

Successfully operating since 2023, the terminal diversifies energy sources and reduces reliance on domestic extraction. Its second phase is underway, aiming to raise capacity to 3 million tons per year and move toward establishing a national LNG hub in Ba Ria–Vung Tau (Ho Chi Minh City). This project represents a strategic energy milestone and the long-term, innovative vision of Petrovietnam and Petrovietnam Gas Joint Stock Corporation (PV GAS).

The Nhon Trach 3 and 4 power plants—Vietnam’s first LNG-to-power projects—are being developed by PetroVietnam Power Corporation (PV Power) and are expected to come into operation by the end of this year. Once completed, the plants are projected to supply around 9 billion kWh annually, making a significant contribution to Power Development Plan VIII (PDP VIII) and strengthening national energy security.

Thi Vai LNG Terminal with a 1-million-ton capacity (Photo: Petrovietnam)

More particularly, the Petrovietnam Technical Services Corporation (PTSC), a member unit, successfully executed its first offshore wind power project (Project CHW2204) for an international partner. This marks a historic turning point as a Vietnamese enterprise joins the global renewable energy supply chain. The recent successful manufacturing of the 33 wind turbine foundations has proved the technical and technological capability of Vietnamese engineers and opened a new path for Petrovietnam in clean, sustainable energy development and international integration.

Thanks to these achievements over the past five years, Petrovietnam has maintained its position as a central pillar of the national energy industry, contributing steadily to the state budget and acting as a buffer against global energy market volatility.

The building of 33 wind turbine foundations marks a historic milestone for Petrovietnam/PTSC in joining the global renewable energy supply chain. (Photo: Petrovietnam)

Entering a new phase of development, Petrovietnam continues to uphold its heroic tradition as it strives to build a powerful National Energy and Industry Group. The group aims to serve as a nucleus for modern industrial value chains, pioneer the energy transition, and explore new and renewable energy sources.

On this journey, Petrovietnam’s workforce remains steadfast in its mission: “Preserving the heritage flame, creating national energy.” Guided by intellectual strength and driven by national aspiration, Petrovietnam continues to be a symbol of Vietnam’s stature on the global energy map.