We attended GAS’s AGM on April 16, 2021. Shareholders raised questions about the progress of acquiring OIL’s stake at Petec (a subsidiary in which OIL owns 95.2% stake) for the Thi Vai LNG terminal’s capacity expansion as well as future LNG projects. Management approved 2021 guidance for revenue of VND70tn (USD3.0bn; +9.4% YoY) and net profit of VND7tn (USD302mn; -9.9% YoY), assuming sales volume growth of 9.0% YoY and an average Brent oil price of USD45/bbl (+4.0% YoY)