The companies signed a memorandum providing for this, announced KN Energies on the Nasdaq Vilnius exchange on Tuesday.
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The agreement combines KN Energies’ experience in LNG and energy infrastructure with Indel Petro’s activities in Vietnam’s oil, energy, logistics, and infrastructure sectors, the announcement said.
BNS wrote on Tuesday that during a meeting between Foreign Minister Kęstutis Budrys and Vietnam’s Foreign Minister Le Hoai Trung, the possibilities for Lithuanian companies to contribute to the modernization of Vietnam’s energy infrastructure were discussed.
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It was announced that KN Energies will cooperate with Indel Petro in developing Vietnam’s LNG import infrastructure.
