UPDATE 1-PetroVietnam Gas gets country's first LNG import-export approval

(Adds details and background, paragraphs 2-4) HANOI, May 8 (Reuters) - PetroVietnam Gas said on Monday it had received a certificate from local authorities to become the country's first company eligible to import and export liquefied natural gas (LNG). The certificate from the Ministry of Industry and Trade will allow the company to make its first LNG imports this year, the company said in a statement.

PetroVietnam Gas said it had completed the construction of an LNG terminal in the southern province of Ba Ria Vung Tau with an initial capacity of one million tonnes of LNG a year. It aims to raise the capacity to three million tonnes.

Last month, the company issued a tender seeking to buy Vietnam's first LNG cargo of 50,000 tonnes to 70,000 tonnes to test run the terminal.

(Reporting by Khanh Vu, Editing by Louise Heavens and Barbara Lewis)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

UPDATE 1-PetroVietnam Gas gets country's first LNG import-export approval

By Reuters

Reuters

Reuters

Gold may consolidate after surge to $3,000, but prices will likely rise higher – Saxo Bank

Why gold revaluation charts put prices at $25,000-$55,000 if history rhymes, silver poised for breakout: Crescat Capital Strategist

Gold’s safe-haven bid strengthens amid recession fears, global silver coin sales collapse – Heraeus

Gold has room to run but could pull back if a recession hits - Capitallight’s Schieven

'Unseen' forces moving a lot of gold back to the U.S.? What's really happening – Josh Phair

off-the-wire

UPDATE 1-PetroVietnam Gas gets country&apos;s first LNG import-export approval

By Reuters

Reuters

Reuters

UPDATE 1-PetroVietnam Gas gets country's first LNG import-export approval