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Building free market of gas after 2020

Building free market of gas after 2020 - 

 Deputy Prime Minister Hoang Trung Hai has directed the Ministry of Industry and Trade (MoIT) to build a free  market of gas (FMG) after 2020.


At the meeting on the Development Model of gas industry and market mechanisms of gas prices, Deputy Prime Minister (DPM) Hoang Trung Hai concluded: The Report on the Development Model of gas industry and market mechanisms of gas prices has been carefully studied by the MoIT with the clear projects of gas industry management.

In fact, the Vietnam Gas Industry is rapidly growing and expected for more strong development. It is necessary to restructure the secondary energy sources for reducing dependence on coal fuel and ensuring sustainable development.

Deputy Prime Minister agreed with the proposals of MoIT to keep the existing model of gas industry management and regulation, continue studying projects for building FMG after 2020 and sustain the state capital rate at the PetroVietnam Gas Corporation as directed by the Prime Minister in Notice No. 384 / TB-VPCP dated on 28/10/2013.

PMP assigned MoIT to review regulations on the Gas Industry management, direct studying, building legal regulations on gas regulation, ensuring transparency, uniformity and smoothness to the electricity market submitting to the competent

authority for approval.

The prices of gas for electricity generation is kept accordingly to the prices of the current contracts.

VietnamEnergy.vn

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