Vietnam Oil and Gas Market Surpasses Gigajoules 1,056 Gigajoules (Gj) Milestone - Latest Insights by Ken Research

Comprehensive market analysis maps upstream potential, infrastructure investments, and policy-led transition imperatives for stakeholders across Vietnam's evolving energy ecosystem.

Delhi, India - October 15, 2025 - Ken Research released its strategic market analysis titled "Vietnam Oil and Gas Market Outlook to 2030," revealing that the current market size is valued at Gigajoules 1,056 Gigajoules (Gj), based on a five-year historical analysis. The detailed study outlines how the market is evolving, driven by Vietnam's rising energy demand, sustained investments in oil and gas exploration and production activities, expanding refining and distribution infrastructure, and increasing demand for refined petroleum products and natural gas from urbanization, industrial growth, and power generation requirements across the country.

The analysis indicates that Vietnam's oil and gas market continues to play a pivotal role in national energy security, accounting for a significant share of primary energy supply despite increasing diversification toward renewables. While crude oil production has moderated from historical peaks, natural gas output and LNG imports are emerging as key growth pillars, supported by power sector expansion, industrial demand, and long-term energy transition strategies.

The 100+ page report provides decision-makers with granular intelligence on upstream exploration dynamics, midstream and LNG infrastructure development, downstream refining capacity, and policy reforms shaping Vietnam's hydrocarbon value chain. The market is positioned at a strategic inflection point, where capital allocation decisions over the next five years will determine long-term supply stability and competitiveness.

"Vietnam's oil and gas sector is no longer just about production growth-it is about optimization, security, and transition," said Namit Goel, Research Director at Ken Research. "Gas and LNG are becoming system-critical fuels as Vietnam balances industrial growth, power demand, and emission commitments."

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Key Market Dynamics Reshaping Vietnam's Oil and Gas Landscape

The report highlights four structural forces defining the market's evolution:

Upstream Reserve Optimization and Offshore Focus

Mature oil fields in basins such as Cuu Long are witnessing natural decline, pushing operators toward enhanced oil recovery (EOR) techniques and deeper offshore exploration. New offshore gas developments are increasingly prioritized to sustain domestic supply and reduce import dependency.

Gas and LNG Infrastructure Expansion

Rapid growth in gas-fired power generation is accelerating investments in LNG import terminals, regasification units, and associated pipeline infrastructure. The report maps planned and operational LNG projects across key coastal regions, identifying gas as the central bridge fuel in Vietnam's energy transition.

Policy Realignment Toward Energy Security

Government reforms are reshaping pricing mechanisms, gas allocation frameworks, and power purchase agreements to enable faster project execution. These measures aim to unlock stalled upstream developments and attract private and foreign investment into gas and LNG infrastructure.

Downstream and Refining Capacity Stabilization

Vietnam's refining sector continues to support domestic fuel demand while reducing reliance on finished product imports. Incremental upgrades and operational efficiency improvements remain central as demand patterns shift toward cleaner fuels.

Critical Strategic Questions Addressed

For executives and investors evaluating Vietnam's energy sector, the report addresses four priority questions:

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https://www.kenresearch.com/industry-reports/vietnam-oil-and-gas-market?utm_source=OpenPR&utm_medium=Referral&utm_campaign=PR

Market Entry and Capital Timing

The analysis identifies optimal entry points across upstream services, gas infrastructure, LNG terminals, and downstream logistics, showing how capital deployment cycles align with power demand growth and policy timelines.

Regulatory and Fiscal Navigation

A detailed breakdown of production sharing contracts, gas pricing reforms, and state participation models helps organizations anticipate regulatory shifts and manage commercial risks.

Competitive Positioning

The study benchmarks national oil companies, regional operators, and international energy firms across exploration portfolios, infrastructure ownership, and partnership structures, highlighting areas of defensible advantage.

Investment Prioritization Across the Value Chain

White-space analysis reveals high-potential opportunities in offshore gas development, LNG import infrastructure, and midstream connectivity linked to new power projects and industrial hubs.

Critical Infrastructure and Policy Developments

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LNG Terminal and Pipeline Rollout

The report maps Vietnam's current and planned LNG terminals and associated pipelines, outlining capacity timelines required to support rising gas-fired generation.

Gas-to-Power Integration

The analysis evaluates how upstream gas projects are being synchronized with power plant development to ensure bankability and long-term offtake security.

Regulatory Framework Evolution

Ongoing revisions to gas pricing, contract structures, and investor participation rules are examined to help stakeholders anticipate future compliance and return profiles.

Energy Transition Alignment

While renewables gain momentum, the report positions natural gas as a stabilizing force in Vietnam's energy mix, supporting grid reliability and emissions reduction targets.

Strategic Value for Decision-Makers

"What differentiates this study is its execution focus," noted Harsh Saxena, Principal at Ken Research. "We go beyond market sizing to connect upstream reserves, infrastructure readiness, power demand, and policy direction into a single strategic narrative."

The 130+ page mandate equips energy executives and investors with:

Value-chain analysis covering upstream exploration, gas processing, LNG infrastructure, refining, and distribution

5-year and 10-year forecasts for oil, gas, and LNG demand with scenario-based outlooks to 2030

Competitive benchmarking of national, regional, and international oil & gas players

Investment opportunity mapping across offshore gas, LNG terminals, midstream pipelines, and downstream assets

Policy and regulatory roadmap aligned to Vietnam's national energy security and transition goals

"As Vietnam accelerates industrialization and power capacity expansion, oil and gas-particularly natural gas-will remain central to the country's energy strategy," added Harsh Saxena, Principal at Ken Research. "This report provides the data-backed clarity required to align long-term investments with Vietnam's evolving energy priorities."

Industry stakeholders seeking the complete analysis can contact Ken Research or visit:

https://www.kenresearch.com/industry-reports/vietnam-oil-and-gas-market?utm_source=OpenPR&utm_medium=Referral&utm_campaign=PR

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This release was published on openPR.