Petrovietnam ran out of Middle East crude during the Iran war—now it’s betting on LNG, wind, and nuclear

Petrovietnam CEO Le Manh Cuong said the state oil company went without Middle East crude during the Iran war, exposing its dependence on a single supply region. The company is now diversifying into LNG, wind and nuclear power to reduce that exposure. The shift matters because Petrovietnam is a major state-owned energy supplier, and supply disruptions can ripple through Vietnam's fuel and power markets. Watch for details on LNG import terminals, renewable project timelines and any nuclear plans, which would mark a new direction for the company.