THE SCHEME ON DEVELOPING A COMPETITIVE ENERGY MARKET THROUGH 2030
On December 28, 2020, the Prime Minister issues the Decision No. 2233/QD-TTg on approving the Scheme on developing a competitive energy market through 2030, with a vision toward 2045.
Accordingly, the scope of the Scheme including 03 energy sub-sectors (coal, gas and electricity) that play an important and key role in the energy production and consumption chain in Vietnam.
The roadmap for development of the gas market for the period from 2021 to the end of 2025 includes the following contents: Permitting contractors, investors of new gas exploitation projects (Blue Whale, Block B, etc.) to choose to negotiate to sell gas directly to consumers or wholesalers for PVN/PVGas. Concurrently, implementing a new business model for imported LNG projects (participants importing LNG sell gas directly to customers).
With regard to coal market, maintaining the current coal supply model for consumers. To be specific: Regarding coal used for electricity production purpose, the investor of coal-fired power plants (except for BOT thermal power plants with the Government guarantee for coal supply contracts) shall be responsible for supplying legal coal sources in the lifetime of the factory; Regarding coal for consumers used for purposes other than electricity, carrying out competitive bidding or approving agreements and signing coal sale and purchase contracts with market fluctuation prices, etc.
This Decision takes effect on the signing date.
