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The EIC organises largest-ever UK energy industry inward delegation to Vietnam

Posted by Paul Fisher

21-May-2018

the-eic.com


Over 180 delegates from across the UK energy supply chain attended the first ever EIC Connect event to take place in Vietnam on 17 May in Ho Chi Minh City.

The purpose of EIC Connect Energy Vietnam was to bring together UK suppliers with Vietnamese developers to discuss how they can work together on projects across Vietnam's oil and gas, power and renewables sectors.

Vietnam's Ministry of Industry and Trade Vice Minister Mr Hoang Quoc Vuong officially opened the event, providing the conference's plenary speech.

EIC Connect Energy Vietnam was co-hosted by PetroVietnam and Vietnam Electricity. In addition to the two state-owned giants, the UK delegates also heard from over 30 other major energy companies operating in the country including GE Vietnam, Phu Quoc POC and Premier Oil during a day of conference sessions, project briefings and more than 200 private one-to-one meetings.

An exhibition also took place which allowed UK companies to display their tools and services to buyers from across South East Asia.

Commenting on the first ever EIC Connect event in Vietnam, EIC CEO Stuart Broadley said, ‘The feedback from the UK delegates was fantastic - they couldn't believe how many procurement specialists from Vietnam's major players they managed to meet in just one day.'

‘Likewise, it was a great opportunity for Vietnamese operators and contractors to meet some of the most innovative product and service providers the UK energy industry has to offer and find out how they can add real value to their projects.'

Vietnam is one of South East Asia's leading oil producers. In 2017, PetroVietnam exceeded its production target of 1.29m tonnes of crude oil and is looking to increase its hydrocarbon reserves by 10-15m tonnes by accelerating offshore exploration and development.

While currently heavily reliant on coal, the country is seeking to boost its renewable energy capacity, aiming to produce 10.7% of its power from renewable sources by 2030, including 6GW of wind power.


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