Has Petrovietnam Gas signed an LNG supply contract with Novatek?

Not according to the reporting reviewed. LNG Prime says the two are in talks, and Interfax reports Novatek calling negotiations well advanced. Neither gives a volume, price or signed contract.

When could Russian LNG reach Vietnam under these talks?

Interfax reported on 9 September 2026 that first supplies could begin in 2027, according to Novatek. That is a company statement of intent, not a confirmed delivery schedule.

Is this the first time the two have discussed LNG?

No. In July 2023 Petrovietnam Gas said it had discussed LNG purchases from Novatek for 2023-2026, per Natural Gas World. Interfax notes a 2024 memorandum of understanding between Novatek and Petrovietnam.

Is this a trading call on LNG prices?

No. This is analysis of a reported negotiation, not investment advice, and no price terms are public.

Petrovietnam Gas Is Talking LNG With Novatek

Petrovietnam Gas is reported to be negotiating LNG purchases from Russia's Novatek as part of a supply-diversification plan. No volume or price is public, and Interfax reported in September that Novatek sees first supplies to Vietnam possibly in 2027.

Petrovietnam Gas is reported to be negotiating LNG purchases from Novatek, but no volume, price, start date or terminal has been disclosed, so this is a diversification signal, not a contract. Interfax separately reported Novatek describing talks as well advanced, with first supplies possibly in 2027; sanctions exposure remains unaddressed.

The Gulf Barrel Desk October 4, 2026 Updated October 4, 2026 · 3 min read

Reported by LNG Prime: Petrovietnam Gas is in talks with Novatek to buy LNG as part of a plan to diversify supply origins.
Reported by Interfax on 9 September 2026: Novatek called its Vietnam LNG negotiations well advanced and said first supplies could begin in 2027; no volumes were given.
Not disclosed in either report: price, volume, contract length, source project and receiving terminal.
The contact is not new: Petrovietnam Gas discussed Novatek LNG for 2023-2026 in July 2023, and a Novatek-Petrovietnam memorandum of understanding was signed in 2024, per Interfax.
Neither report addresses sanctions or payment channels, which would decide whether a deal can be executed.

Petrovietnam Gas, a unit of state-owned Petrovietnam, is in talks with Russia's Novatek to buy LNG, LNG Prime reported, describing the move as part of a plan to diversify supply origins. Interfax reported on 9 September 2026 that Novatek called its Vietnam negotiations well advanced. Neither report gives a volume, price or delivery terminal, so the claim to test is whether talks become a signed, executable contract.

What is reported, and by whom

Two outlets support the core story, and both describe talks, not a deal. LNG Prime reports that Petrovietnam Gas is negotiating to buy LNG from Novatek as part of supply diversification. Interfax reports that Novatek described its negotiations with Petrovietnam as well advanced and said first supplies could begin in 2027. Neither report states volumes. Until a filing or joint statement supplies them, the timeline is a company aspiration.

This is not the first contact

The contact predates these reports. In July 2023, Natural Gas World reported that Petrovietnam Gas had discussed LNG purchases from Novatek for the 2023-2026 period. Interfax adds that Novatek and Petrovietnam signed a memorandum of understanding in 2024 and, in September 2026, agreed to create a working group on large energy and LNG projects in Vietnam. The earlier windows produced no publicly announced supply contract.

What the reports link it to

Interfax reports that Novatek is discussing LNG supply for one existing power plant and one under construction in Vietnam, and that the announcement coincided with a Kremlin meeting between the Russian and Vietnamese presidents. That places the talks inside state-level diplomacy as well as commercial negotiation. Which plants, which Novatek project and what contract structure are not stated, so the commercial detail remains unconfirmed.

What the data does not say

The reports reviewed are silent on sanctions, payment routes, shipping and which Novatek project would supply cargoes. Those variables decide whether a Russian-origin purchase can be executed, and we do not speculate on them. Treat any later volume or price figure as unconfirmed until Petrovietnam, Novatek or a regulator publishes it. This is analysis, not trading or investment advice.

Has Petrovietnam Gas signed an LNG supply contract with Novatek?: Not according to the reporting reviewed. LNG Prime says the two are in talks, and Interfax reports Novatek calling negotiations well advanced. Neither gives a volume, price or signed contract.
When could Russian LNG reach Vietnam under these talks?: Interfax reported on 9 September 2026 that first supplies could begin in 2027, according to Novatek. That is a company statement of intent, not a confirmed delivery schedule.
Is this the first time the two have discussed LNG?: No. In July 2023 Petrovietnam Gas said it had discussed LNG purchases from Novatek for 2023-2026, per Natural Gas World. Interfax notes a 2024 memorandum of understanding between Novatek and Petrovietnam.
Is this a trading call on LNG prices?: No. This is analysis of a reported negotiation, not investment advice, and no price terms are public.

PV Gas in LNG supply talks with Novatek — LNG Prime
Interfax newsroom report on Novatek and Vietnam LNG, 9 September 2026 — Interfax
Petrovietnam Gas talking to ExxonMobil, Novatek on LNG supply — Natural Gas World