Petrovietnam Gas Corp. (PV Gas), Chevron Vietnam Ltd., Mitsui Oil Exploration Co. Ltd (MOECO), and PTT Exploration and Production Public Co. Ltd (PTTEP) have signed a business cooperation contract (BCC) for the Block B Gas Pipeline Project, with the participation of representatives of the Government of Vietnam and related ministries and agencies. The Block B Gas Pipeline Project, which will be operated by PV Gas, will have a total investment of approximately USD 1 billion, of which PV Gas holds 51%, and foreign partners including Chevron, MOECO and PTTEP hold 49%. The project, when completed, will transport natural gas from Block B&48/95 and Block 52/97, off the SW coast of Vietnam, with a capacity of 18.3 million cum/day to power plants at the O Mon Power Complex, Tra Noc of Can Tho City (total capacity of 3000MW), and to the power and fertilizer plants in southernmost province of Ca Mau Province, as well as to other consumers in the SW Region. The 400 km pipeline will be the longest pipeline in Vietnam, with an offshore section of 246km and 152km on shore, reaching Can Tho City through the Provinces of Hau Giang, Kien Giang, Bac Lieu, and Ca Mau.