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Submitted by unname1 on Tue, 08/16/2011 - 10:16
The PetroVietnam Gas Corp (PV Gas) is in negotiations to borrow US$700 million from foreign lenders to build a liquefied natural gas (LNG) storage facility in central Binh Thuan province.

The company said it needs US$1 billion for the plant and construction work is expected to start next year. Once operational in 2015, the plant will be able to store 3 million tones of liquefied natural gas.


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