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<\/p>\nWithin the framework of his official visit to the Russian Federation, on the morning of March 23, 2026, Prime Minister Ph\u1ea1m Minh Ch\u00ednh and a high-level Vietnamese delegation visited and held a working session with Novatek \u2013 a leading Russian and global corporation in the natural gas sector.<\/p>\n
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Prime Minister Ph\u1ea1m Minh Ch\u00ednh, accompanied by a high-level Vietnamese delegation, visited and held a working session with Novatek Group. Pic: VGP\/Nh\u1eadt B\u1eafc.<\/em><\/span><\/p>\n <\/p>\n At the meeting, Mr. Leonid Viktorovich Mikhelson, Chairman of Novatek, introduced the company\u2019s formation history and its development orientation in Vietnam.<\/p>\n Novatek was established in August 1994 and primarily operates in the exploration, production, processing, and commercialization of natural gas and liquid hydrocarbons. It is the second-largest natural gas producer in the Russian Federation (after Gazprom) and ranks as the seventh-largest publicly traded company globally by natural gas output. In the Forbes Global 2000 ranking in 2020, Novatek was listed as the world\u2019s 316th largest public company.<\/p>\n Novatek has successfully implemented large-scale LNG (liquefied natural gas) projects and has developed proprietary liquefaction technologies. The company is currently highly interested in Vietnam\u2019s LNG sector, including participation in the Ca Na project in cooperation with partners such as Zarubezhneft, and is actively exploring Vietnam\u2019s rapidly growing gas market.<\/p>\n Prime Minister Ph\u1ea1m Minh Ch\u00ednh highly appreciated Novatek\u2019s achievements and noted that the company\u2019s operations align with Vietnam\u2019s major strategic orientations, including the goal of achieving economic growth of over 10%, reaching net-zero emissions by 2050, and implementing key transitions\u2014particularly energy transition. Rapid economic growth and the development of sectors such as artificial intelligence require substantial energy supply. Novatek\u2019s ongoing exchanges and cooperation with Vietnamese partners, combined with aligned development orientations, are expected to create synergistic effects for both sides.<\/p>\n Prime Minister Ph\u1ea1m Minh Ch\u00ednh welcomed Novatek\u2019s participation in the development of LNG terminal infrastructure projects, including LNG storage and port facilities, as well as LNG-to-power plants in H\u1ea3i Ph\u00f2ng, Qu\u1ea3ng Ninh, Nam Du (An Giang), Nghi S\u01a1n (Thanh H\u00f3a), and C\u00e0 N\u00e1 (Kh\u00e1nh H\u00f2a), along with the provision of a stable LNG supply to the Vietnamese market. Pic: VGP\/Nh\u1eadt B\u1eafc.<\/em><\/span><\/p>\n Assessing energy cooperation between Vietnam and the Russian Federation as a bright spot in bilateral relations over the past more than 50 years, the Prime Minister expressed sincere appreciation to the Russian side for its investment, support, and facilitation, which have enabled Vietnam\u2019s oil and gas sector and the Vietnam National Industry\u2013Energy Group to grow into a multinational corporation. He also emphasized that energy cooperation is an area of Russia\u2019s strength, aligns with Vietnam\u2019s demand, and constitutes a key pillar of the Comprehensive Strategic Partnership between the two countries.<\/p>\n In the current context of rapid, complex, and unpredictable global developments, strengthening relations with traditional partners and diversifying supply sources, markets, products, and supply chains is of critical importance. Vietnam is also strongly promoting the application of science and technology, as well as innovation, to restructure and transform its energy sector.<\/p>\n Affirming that both sides share demand and a common vision for cooperation, the Prime Minister expressed support for Novatek to expand its investment activities in Vietnam in accordance with applicable laws, taking into account the foundation of the Comprehensive Strategic Partnership and the long-standing traditional friendship between Vietnam and the Russian Federation.<\/p>\n Noting that Vietnam is reviewing and amending legal regulations related to the power sector, the Prime Minister welcomed Novatek\u2019s participation in the development of LNG terminal infrastructure projects, including LNG storage and port facilities, as well as LNG-to-power plants in Hai Phong, Quang Ninh, Nam Du (An Giang), Nghi Son (Thanh Hoa), and Ca Na (Khanh Hoa), along with the provision of a stable LNG supply to the Vietnamese market.<\/p>\n With the spirit of \u201cconnecting the past, promoting the present, and looking toward the future,\u201d \u201csaving time, valuing intellect, and acting decisively at the right moment,\u201d and \u201clistening with sincerity, sharing from the heart, and acting with tangible products and concrete results,\u201d the Prime Minister requested Novatek to closely coordinate with local authorities, relevant agencies, and energy-sector enterprises (including PVN and EVN), as well as Vietnamese private enterprises, to participate in and implement projects, including the development of large-scale LNG storage facilities by Novatek in Vietnam. He also noted that the Government will encourage Vietnamese enterprises to enhance cooperation with Novatek in liquefied natural gas technologies.<\/p>\n Novatek\u2019s leadership expressed strong agreement and affirmed that the company will actively engage with Vietnamese partners to advance the projects highlighted by Prime Minister Ph\u1ea1m Minh Ch\u00ednh.\/.<\/p>\n H\u00c0 V\u0102N – VGP<\/p>\n![\"\"](\"https:\/\/cogas.com.vn\/wp-content\/uploads\/2026\/03\/img2532-1774256221544134143170720260324060543-300x200.jpg\")
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