The Overview of the Gas Sector in Ho Chi Minh City

The Overview of the Gas Sector in Ho Chi Minh City

1. Gas Supply System

The gas market in HCMC maintains strong growth momentum with the participation of diverse trading entities and product types.

1.1. Distribution System Scale

• Trading Force: 252 gas trading entities (including LPG, CNG, LNG, and import-export units).

• Facility Network: Nearly 2,300 distribution facilities, ensuring accessibility for all residential areas and industrial parks.

• 1.2. Output and Product Structure In 2025, total trading output is expected to reach approximately 4.76 million tons.

  • LPG (Liquefied Petroleum Gas): Holds the dominant share with over 4.1 million tons (equivalent to more than 86% of total output).

  • Supply Characteristics: Currently, about 70% of LPG imports rely on the Middle East, indicating high sensitivity to international geopolitical fluctuations.

  1.3. Forecast and Green Transition Driven by the green transition roadmap, gas demand will increase sharply as it replaces higher-emission fuel sources.

  • Average Growth Rate: 7.01% per year (2025–2030 period).

  • 2030 Forecast: Consumption output is projected to reach approximately 6.68 million tons.

2. Electricity Supply System

HCMC’s electricity demand is forecast to grow exponentially to meet economic development and urbanization goals.

2.1. Commercial Electricity Demand Forecast Electricity demand faces significant growth pressure in the medium term:

• 2026: Expected to reach 60.024 billion kWh.

• 2030: Expected to reach nearly 94 billion kWh.

2.2. Electricity Consumption Structure Power consumption is clearly segmented by target groups:

• Industry & Construction: Largest share at 44.78%.

• Residential Consumption: 38.59%.

• Other sectors: 16.63%.

2.3. Source Infrastructure and New Projects The City’s power system is currently supplied by major regional hubs such as Phu My, Ba Ria, Nhon Trach, Tri An, Vinh Tan, and Duyen Hai. To ensure future energy security, the City is focusing on clean energy sources:

• Gas-to-Power: The Hiep Phuoc LNG Power Plant project is underway with a projected capacity of up to 2,700 MW. This is a key project for stabilizing local supply.

• Renewable Energy: Currently, there are about 21,500 rooftop solar systems with a total capacity of over 1,600 MWp, helping to reduce the load on the national grid during the day.

3. Insights and Challenges

• Shift to LNG: Incorporating LNG into the energy mix (for both gas supply and power generation) is a strategic step toward fulfilling Net Zero commitments, reducing emissions compared to coal and oil.

• Import Supply Risks: The 70% reliance on the Middle East for LPG requires the City to develop diversification strategies and strengthen storage infrastructure.

About Phuc Sang Minh Gas – 20 Years of Market Leadership

With a 20-year journey of experience, Phuc Sang Minh Gas is proud to be a leading strategic partner, specializing in providing turnkey LPG/CNG/LNG solutions for hundreds of businesses in Vietnam.

We understand that for sustainable operations, energy sources must not only be stable but also optimized for cost and safety. Therefore, Phuc Sang Minh Gas offers a comprehensive “One-Stop Solution” ecosystem:

• Strategic Consulting & Engineering Design: Our expert team provides optimal solutions based on the actual needs of each plant.

• Professional Construction & Installation: Ensuring progress and the strictest safety standards for filling stations and gas pipelines.

• Stable Gas Supply.

• Operation & Periodic Maintenance: A 24/7 monitoring system and specialized maintenance services keep our customers’ energy infrastructure in peak condition.

Learn more: https://jpsgas.com.vn/mo-hinh-tich-hop-lpg-cng-lng

Source: https://vtcnews.vn/