Vietnam Energy Rush Draws Japan, US, Russia

Japan, US, Russia compete for Vietnam's offshore energy in South China Sea amid Middle East tensions.

Oct 8, 2026

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Vietnam Energy Rush Draws Japan, US, Russia

Japan, US, Russia compete for Vietnam's offshore energy in South China Sea amid Middle East tensions.

In brief

Japan, US, Russia compete for Vietnam's offshore energy in South China Sea amid Middle East tensions. Japan, US, and Russia are competing to access Vietnam's offshore oil and gas reserves in the South China Sea as Middle East energy tensions rise. Originally reported by Nikkei Asia.

Vietnam Offshore Energy Rush

20261008N Vietnam oil 1

New oil and gas projects are springing up off Vietnam's coast as Japanese and U.S. companies vie with Russian players to tap growing demand.

South China Sea Energy Race

The Sao Vang Dai Nguyet gas field is located about 350 kilometers off Vietnam's coast in the South China Sea.

Middle East Tensions Drive Competition

Vietnam's offshore energy reserves are being pushed higher by Middle East energy tensions.

The big picture

Japan, US, and Russia are competing to access Vietnam's offshore oil and gas reserves in the South China Sea as Middle East energy tensions rise.

Read the original on Nikkei Asia

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