Why is PetroVietnam Gas JSC shifting its LPG imports from the Middle East to the US?

PetroVietnam Gas JSC is shifting its LPG imports because most of its term contracts with Middle Eastern suppliers were disrupted after suppliers declared force majeure due to the Iran war, which has effectively shut the Strait of Hormuz and knocked out production in top supplier Qatar.

How much LPG is PV GAS importing from the US in May, and how does that compare to Middle East imports?

PV GAS will import 66,000 tons of LPG from the US in May, versus 44,000 tons from the Middle East — marking the first time US volumes exceed those from the region, following a massive jump from just 2,200 tons in March.

Vietnam Gas Major Looks to US as Iran War Reorders LPG Flows

Apr 27, 2026

PetroVietnam Gas plans to import 66,000 tons of LPG from the US in May, diverting from Middle East suppliers disrupted by the Iran war. The firm is diversifying its supply chain and expanding LNG capacity to ensure energy security.

bloomberg

2026-04-27

Vietnam Gas Major Looks to US as Iran War Reorders LPG Flows

Vietnam Gas Major Looks to US as Iran War Reorders LPG Flows

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