(VOV) – Taiwan’s Cathay United Bank and the PetroVietnam Gas Joint Stock Corporation on July 1 signed a credit package authorizing US$280 million of financing for construction of phase one of the Nam Con Son 2 gas pipeline project.
Taiwan’s Cathay United Bank is heading up a consortium of 11 banks providing the financing, the largest loan in recent years in Vietnam.
The project will construct a 151 km long gas pipeline, connecting Bach Ho oil rig to Dai Hung and Thien Ung oil fields.
“This is a great and urgent project, ensuring national energy security and meeting the needs for the country,” said CEO of PV Gas Do Khang Ninh.
Cathay United Bank President Chen Tsu Pei said he is confident that the two sides will establish a solid and mutually beneficial relationship.
Đăng ký: VietNam News