VPI and Technip Energies sign MoU on energy cooperation
Petrovietnam s research arm the Vietnam Petroleum Institute has signed an MoU with Technip Energies to cooperate on energy development focusing on offshore projects the liquefied natural gas value chain and energy transition
On September 17, VPI and Technip Energies signed a Memorandum of Understanding (MoU) outlining a framework for cooperation in research and development. Under the agreement, the two companies will collaborate on various activities, including feasibility studies, Front-End Engineering Design, project management, operations, and maintenance consultancy.
Key areas of focus include carbon capture, utilization, and storage; hydrogen and ammonia; gas monetisation and liquefied natural gas (LNG) value chain development; offshore exploration and production optimization; refining and petrochemical integration; digital transformation; and advanced engineering solutions.
At the signing ceremony, Nguyen Van Tu, general director of VPI, emphasized the significance of the partnership, stating that Vietnam and Petrovietnam are intensifying research, development, and technology transfer efforts to support sustainable energy industry growth. Technip Energies' Basil Theckumpurath highlighted Vietnam as a crucial market for the company, expressing optimism that the MoU would foster joint research, technology transfer, and project development in the years ahead.
The aim is to support the energy transition, enhance operational efficiency, and advance advanced technology solutions that contribute to sustainable development.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
