Report

Vietnam Midstream Oil & Gas: A stable petroleum transport base with an expanding LNG upside

• We believe that by 2026, Vietnam’s midstream oil & gas segment will maintain a balance between stability and growth. Petroleum transportation continues to play a pillar role in generating the main cash flow base due to its large scale and defensive nature, despite being exposed to the shipping freight rate cycle.
• At the same time, gas transportation and distribution, particularly liquefied natural gas (LNG), is emerging as a key growth driver within the midstream segment, supported by rapidly rising gas-fired power demand amid a structurally declining domestic gas supply.
• The combination of a stable petroleum transportation base and a growth-oriented gas and LNG segment supports a solid near term foundation for the midstream sector, while expanding the medium to long term growth runway for oil and gas companies over the 2026–2030 period.
Provider
Viet Dragon Securities
Viet Dragon Securities

Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.

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Analysts
Huong Le

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