Representing BSR at the signing ceremony were Mr. Nguyen Viet Thang - President & CEO of BSR, along with members of the Board of Directors, the Board of General Directors, and heads of the professional expertise division. From PV Gas D, attendees included Mr. Le Minh Hai – Chairman of the Board, Mr. Do Pham Hong Minh - General Director, the executive board, and representatives from various divisions.

Speaking at the event, BSR CEO Nguyen Viet Thang emphasized: “In the context of a global energy sector undergoing strong transformation to meet sustainable development goals and the trend of reducing greenhouse gas emissions, the adoption of cleaner and more environmentally friendly fuels is no longer optional - it is an imperative for all countries, industries, and enterprises.”

As part of its commitment to achieving net-zero emissions by 2050, BSR is pioneering a wide range of practical initiatives to realize its green transition targets. The cooperation with PV Gas D on LNG supply represents a concrete step in this journey, contributing to reduced emissions while enhancing the operational efficiency of Dung Quat Refinery, in alignment with sustainable development and international integration goals.

The MoU with PV Gas D is a key step in implementing the comprehensive cooperation between BSR and PV GAS, aiming to green production, cut carbon emissions, and develop the LNG value chain within Vietnam National Industry - Energy Group. It also aligns with the Group’s energy transition strategy focused on clean energy, technology innovation, and stronger collaboration among member units.

“We believe LNG is not only a solution for cleaner fuel conversion but also a source of long-term economic value for BSR. Moreover, adopting LNG will help BSR comply with increasingly stringent international standards on carbon emission reductions,” said Mr. Nguyen Viet Thang.

BSR has been conducting technical and environmental assessments since 2023 to evaluate the use of LNG in production. Results show LNG is a cleaner, more efficient alternative that significantly reduces CO₂, SOx, NOx, and particulate matter emissions.

From PV Gas D’s side, General Director Do Pham Hong Minh expressed his honor in partnering with BSR on this green energy transition journey. “As a pioneer in Vietnam’s low-pressure gas distribution sector, PV Gas D continuously expands its LNG supply capacity to strategic customers. Currently, we supply low-pressure gas to 130 customers nationwide, with an annual output of around 1 billion cubic meters. Today’s MoU affirms our commitment to delivering safe, reliable, and efficient clean energy solutions to BSR – a leading player in the energy and petrochemical industry,” he stated.

The signing marks the initial step toward transitioning to environmentally friendly fuels at Dung Quat Refinery. Under the MoU, both parties agreed on the principles, scope, and responsibilities of the cooperation - especially focusing on using LNG to replace current fuels in accordance with the refinery’s technological retrofit timeline and LNG reception, transport, and storage capabilities. This will serve as the foundation for the two sides to proceed to formal LNG trading agreements in the near future.

The transition from traditional fuels to greener alternatives at Dung Quat Refinery requires not only determination and vision but also highlights BSR’s pioneering role and social responsibility in advancing sustainable development goals. With the support of PV Gas D - a company with proven experience and capabilities in the gas sector - BSR will be better equipped to accelerate its energy transition, enhance its competitive edge, and meet international standards for green production.

BSR