09:38 | 11/07/2016 Society
PV Gas South JSC and PVGazprom Natural Gas For Vehicles Limited Liability Company (PVGazprom NGV) - a joint venture between Vietnam and Russia, will join hands with each other in natural gas development in service of the transport sector under an agreement signed recently.
A CNG-fueled bus in Ho Chi Minh City (Source: bnews.vn)
They will also study how to build fuel charging stations, provide technical advice for businesses using natural gas-powered equipment and promote the use of natural gas.
The signing of the agreement aims to improve living standards of residents in Vietnam’s key southern localities.
Several Vietnamese southern localities, especially Ho Chi Minh City and Binh Duong, Ba Ria-Vung Tau and Dong Nai provinces, have encouraged the use of compressed natural gas (CNG) to fuel public transport.
The CNG-fueled vehicles meet safety and emission requirements and save up to 30 percent of spending on other types of fuel like diesel.
HCM City aim to have about 150 CNG-fueled buses by the end of 2016 and the figure is expected to stand at some 3,000 in the years to come. PV Gas South JSC has pledged to provide full natural gas for the southern localities to boost their bus services./.