The supply of liquefied natural gas to Vietnam has been disrupted.
At least two supertankers carrying crude oil were hit by missiles while transiting the Strait of Hormuz. This incident forced PVGas Trading to adjust its delivery schedule and has not yet been able to arrange additional supplies.
PVGas Trading (a subsidiary of Vietnam Gas Corporation) has just sent an urgent notice to its customers in the Southern region informing them of a force majeure situation.
Accordingly, the company stated that PVGas Trading's international supplier officially declared a force majeure event due to the bridge collapse at the NGL Juaymah facility (Saudi Aramco) on February 23, 2026, disrupting the delivery of signed Propane and Butane shipments.
This force majeure situation has caused all LPG shipments to PVGas' Thi Vai/Diem Dien cold storage facility, scheduled to begin on March 10, 2026, to be temporarily suspended.
Notably, PVGas Trading stated that armed conflicts in the Middle East region are a significant factor.This affects the transit of refrigerated LPG carriers through the Strait of Hormuz. Specifically, according to the company, as of 3 PM on March 2, 2026, at least two VLCCs (crude oil tankers) had passed through the area.(a super-large) was hit by a missile while passing through this strait.
Some NGL/LPG production facilities of suppliers have been attacked and suffered serious damage. For safety reasons, all VLGC (large specialized liquefied petroleum gas) vessels carrying chilled LPG from the Middle East, as committed by suppliers from the second half of March 2026 to the end of April 2026, are temporarily not scheduled to deliver to PVGas Trading.
The aforementioned force majeure situation forces PVGas Trading to reduce the import delivery schedule from now until March 10, 2026, and temporarily makes it impossible to arrange deliveries from import sources to customers after March 10, 2026.
"This situation is beyond PVGas Trading's control," the document stated.
To address this, PVGas Trading is quickly contacting partners to arrange additional replacement supplies as soon as possible at the most reasonable cost, although the current situation is very difficult (the entire East Asian market is experiencing shortages, and Thailand has even activated an emergency situation banning petroleum exports).
For the time being, PVGas Trading suggests that customers proactively balance their sales plans or arrange alternative sources of supply before any further feasible solutions are reached. In addition, the company will continue to update the situation and inform customers as soon as possible.
