A regional electricity proposal under study
Petronas is examining cooperation to transmit offshore wind power from Vietnam to Malaysia and Singapore. At an October 20 media meeting, its Vietnam representative Aimy Zairin Mohamed described the VMS project as a way to connect Vietnamese clean energy with regional markets.
Under the option being studied, offshore wind electricity would travel through subsea cables to Malaysia, connect to its grid for domestic use and then continue to Singapore. The report does not say cables have started construction, that final approvals are secured or that exports are already flowing.
Petronas sees the proposal as a potential contribution to the ASEAN Power Grid. Its representative cited Vietnam's wind-resource potential at more than 400 gigawatts. That is a resource estimate attributed to the company, not installed operating capacity.
Participants and broader energy cooperation
Four parties are involved: Petronas, Malaysia's Tenaga Nasional Berhad, Vietnam's oil-and-gas technical services company PVS and Singapore's Sembcorp Utilities. Petronas is coordinating, working with Tenaga to study connections between Vietnamese clean-energy resources and the two destination grids.
The company also intends to continue cooperation with PetroVietnam on rising energy demand, combining domestic oil and gas, liquefied natural gas imports and renewable energy. These broader areas are separate from a completed approval or investment decision on the subsea transmission proposal.
Petronas has been present in Vietnam since its first upstream investment in 1991. Its representative framed future cooperation around energy security, affordability and sustainability. The immediate news is the project discussion and its proposed structure, with implementation still ahead.