Thanh Hoa joins JOGMEC and Petrovietnam CCS cooperation
The memorandum explores a future value chain and a potential CCS hub in Vietnam's Nghi Son area.
The story explained
JOGMEC announced on 11 November 2026 that it signed a memorandum of cooperation on 9 November with Thanh Hoa Province’s People’s Committee and Petrovietnam. It covers carbon neutrality and carbon capture and storage, including exploration of a future CCS value chain and hub in the Nghi Son area.
The cooperation centres on exchanging information and experience. JOGMEC and Petrovietnam have worked together in energy since 2007 and on a joint study supporting Vietnamese CCS development since 2024. An October 2025 memorandum also involved ENEOS Xplora and Nghi Son 2 Power.
The new framework brings in Thanh Hoa’s provincial government; Xplora and Nghi Son 2 Power will participate as active partners. Although signed in Tokyo, the prospective project market is Vietnam. No final investment decision, engineering award, storage capacity or equipment order was disclosed, so construction is not established.
Why it matters
Editorial analysis: CCS chains involve gas treatment, transport and injection control, but the expanded cooperation alone cannot quantify valve or pump demand.
Relevant toProject owners, EPCs and flow-control suppliers
What to watch next
Watch feasibility studies, capture sources, storage sites, permits and investment decisions.
These are research prompts, not announced tenders or confirmed subsequent developments.
JOGMEC
JOGMEC signs MoC on Carbon Neutrality and CCS in Thanh Hoa Province, Vietnam
This is an independently written summary and analysis, not an official translation. Project plans and status may change.