Thursday, January 24, 2008

Viet Nam to become energy importer by 2015

Viet Nam will become an energy importer by 2015 instead of being an exporter as at present, said a Japanese expert at a seminar on the nation’s energy master diagram held in Ha Noi on Jan. 23.

“Although Viet Nam has taken measures to effectively use its energy sources, its fossil sources are running out and the nation’s consumption demand will rise by 4.3 times in the next two decades,” K. Kanekiyo, head of the Japan International Cooperation Agency (JICA)’s researchers group on Viet Nam ’s master diagram, elaborated.

He went on to say that coal, oil and gas will be the nation’s major import energy products.

Experts also warned that Viet Nam ’s per-capita electricity consumption against GDP is much higher than that of other regional countries, i.e. Thailand , and nations with the same income level.

To meet the nation’s increasing energy consumption demand, experts suggested the nation have a master plan to conserve, develop and logically utilise gas, crude oil, coal, recycled energy.

The development of an effective and transparent energy market operating in accordance with economic principles in which energy prices are equal to international prices will help make every individual and business to use energy more economically, they noted.