Companies / Russia
Gazprom Enhances Role In Vietnam
November 2006 | Contract NewsRussian gas monopoly Gazprom and state-controlled Petrovietnam have signed an accord to step up the Russian company's involvement in Vietnam's growing gas industry. The agreement was made in Hanoi during a Russian state visit to Vietnam, where Russian President Vladimir Putin, accompanied by Gazprom's chief executive Alexei Miller, has been building on a relationship forged during the Soviet era to enhance Russia's access to the Asian country's energy sector. Vietnam possesses significant proven gas reserves of around 240bn cubic metres (bcm) and gas production in the country has risen from 2.4bcm in 2003 to an estimated 7bcm in 2006. As
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