The signing ceremony
 (Photo: petrotimes.vn)

(VOVworld) - The Vietnam Gas Corporation (PV Gas) signed a 280-million-USD contract with a group of 11 foreign banks on Tuesday to fund the first phase of the Nam Con Son 2 gas pipeline project.

The 151-km pipeline is of strategic importance to Vietnam’s gas industry. It will serve deep sea oil and gas exploration in the Nam Con Son basin in the southern province of Ba Ria – Vung Tau and assert Vietnam’s marine sovereignty.