Finance

Russia offers to provide LNG, crude oil to Vietnam

Published by Global Banking & Finance Review

Posted on January 15, 2025

1 min read

· Last updated: January 27, 2026

Add as preferred source on Google
Russian and Vietnamese leaders discussing LNG and crude oil cooperation - Global Banking & Finance Review
Image of Russian Prime Minister Mikhail Mishustin and Vietnamese officials discussing LNG and crude oil agreements, highlighting their ongoing energy collaboration as reported in the finance article.
Global Banking & Finance Awards 2026 — Call for Entries

HANOI (Reuters) - Russia is willing to help develop Vietnam's nuclear power sector and provide it with crude oil and LNG, the two countries said on Wednesday. Vietnam and Russia also agreed to

Russia to Provide LNG and Crude Oil to Vietnam

HANOI (Reuters) - Russia is willing to help develop Vietnam's nuclear power sector and provide it with crude oil and LNG, the two countries said on Wednesday.

Vietnam and Russia also agreed to continue to facilitate oil and gas projects on each others' continental shelves, according to a joint statement, which came during a visit to Hanoi by Russian Prime Minister Mikhail Mishustin.

Russia on Tuesday signed an agreement on nuclear energy and several cooperation deals with Vietnam, which is aiming to restart its nuclear energy programme having suspended it for years.

Vietnam remains one of Russia's closest partners in Asia, ties developed during the Soviet era, and their cooperation has been focusing on energy and weapon supplies.

Communist-run Vietnam maintains close relations with Moscow, Washington and Beijing.

"The two sides acknowledged Russia's provision of oil and liquefied natural gas and processed products to Vietnam, and the development of new power projects, including renewable energy projects," the statement said.

(Reporting by Khanh Vu; Editing by Martin Petty)

Key Takeaways

  • Russia offers LNG and crude oil to Vietnam.
  • Vietnam and Russia to enhance nuclear power cooperation.
  • Agreements signed during Russian PM's visit to Hanoi.
  • Focus on energy and renewable projects in Vietnam.
  • Vietnam maintains strong ties with Russia.

Frequently Asked Questions

What is the main topic?
The article discusses Russia's offer to supply LNG and crude oil to Vietnam, along with cooperation in nuclear energy.
What agreements were signed?
Agreements on nuclear energy and energy cooperation were signed during the Russian Prime Minister's visit.
What is the significance of this cooperation?
This cooperation strengthens Vietnam's energy sector and maintains its strategic ties with Russia.

Related Articles

More from Finance

Explore more articles in the Finance category