Gazprom-Vietnam: All Hands On Deck In South China Sea


A deal struck earlier this month between Russia’s state gas giant, Gazprom, and Vietnam’s state oil and gas group, PetroVietnam, has geopolitical underpinnings aimed at China’s prowess in the South China Sea. The 6 April Gazprom-PetroVietnam deal grants the Russian gas giant two licenses to explore the Moc Tinh and Hai Thach fields in the South China Sea off the Vietnamese continental shelf and gives Gazprom a 49% stake in the fields, which translates into some 55.6 billion of cubic meters of natural gas for Russia.While the fields…

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