Vietnam LPG Demand May Gain 67% by 2020 on Rising Household Use

Vietnam’s demand for liquefied petroleum gas may increase about 67 percent by 2020 as rising affluence prompts households to switch from coal to the cleaner cooking fuel, the chairman of Vietnam Gas Association said.

Domestic LPG demand is about 1.2 million metric tons this year and may rise to 1.5 million tons in 2015 and to 2 million tons in 2020, Nguyen Sy Thang said in a phone interview today.

“Liquefied petroleum gas is getting more and more popular in Vietnam,” according to Thang.

Vietnam Oil & Gas Group and VinaBenny Energy Joint-Stock Co. started building a $245 million LPG storage facility in the south of the country last week. The 84,000-ton unit will have a capacity about 68 percent more than the combined total of Vietnam’s current LPG storage facilities, Thang said.