The PetroVietnam Gas Joint Stock Corporation (PV Gas) on June 24 signed contracts on the building of a liquefied natural gas (LNG) warehouse and the provision of the product for two thermal power plants. At the signing ceremony in Hanoi, PV Gas inked an engineering, procurement and construction contract for the Thi Vai LNG warehouse, located in the southern province of Ba Ria-Vung Tau, with Samsung C&T and the PetroVietnam Technical Services Corporation. Meanwhile, PV Gas and the PetroVietnam Power Corporation (PV Power) signed a framework contract on the LNG supply and consumption for the Nhon Trach 3 and 4 power plants, based in the southern province of Dong Nai. Among them, the chain of Thi Vai LNG - Nhon Trach projects consists of the Thi Vai LNG warehouse and the Nhon Trach 3 and 4 gas-fired power plants. The Thi Vai LNG warehouse is set to handle 1 million tonnes of LNG each year after the first phase, invested with some USD 286 million, is completed in 2022. Its capacity will be raised to deal with 3 million tonnes of LNG annually in the second phase, which is expected to finish in 2023. Covering about 34.5ha of land, the two factories are invested with over USD 1.4 billion. While Nhon Trach3 will become operational in the fourth quarter of 2022, Nhon Trach4 is hoped to be put into use in the fourth quarter of 2023. The operations of the Thi Vai LNG warehouse and the two Nhon Trach power plants will help meet the growing gas and electricity demand in the southeastern region.