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LNG
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LNG, offshore wind energy projects may miss 2030 deadline: official
LNG-to-power projects typically take 7-8 years to complete while offshore wind energy projects could take 6-8 years, meaning they might not be operational by 2030 as planned.
$1.3B LNG terminal project approved in central Vietnam
Binh Thuan Province has granted approval to U.S. energy firm AES and Petrovietnam Gas to build the US$1.34-billion Son My LNG Terminal.
$4B LNG-fired plant delayed by electricity price haggle
Construction of the US$4-billion Bac Lieu liquefied natural gas-fired power plant in the south has not begun even three years after its approval due to a disagreement in electricity selling price.
April 10, 2023 | 07:59 pm PT
LNG power developers in troubled waters
Liquefied natural gas (LNG) power has been considered a major part of Vietnam’s solutions for reducing carbon emission, but the country is facing several hurdles in using it.
July 24, 2022 | 01:00 am PT
High gas prices, energy security fears impede decarbonization push
Energy security has become a top priority for importers as forecasts of gas supplies and volatile prices in the next few years keep buyers on edge and push toward decarbonization.
May 27, 2022 | 12:13 am PT
Samsung C&T, Lilama win $940 mln contract for Vietnam's first LNG power plants
A consortium of South Korea's Samsung C&T Corp and Vietnam's Lilama Corp has won a $940 million contract to build Vietnam's first LNG-fired power plants, Lilama said in a statement on Tuesday.
March 14, 2022 | 08:39 pm PT
$2.3-bln power plant gets greenlight
Central Quang Tri Province has approved the construction of a 1,500-megawatt liquefied natural gas-fired power plant with investment of nearly VND54 trillion (over $2.3 billion).
October 9, 2021 | 05:26 am PT
Vietnam's PV Power picks banks to facilitate $1.4 bln LNG project loans
Vietnam's state-run PetroVietnam Power Corp has signed a deal to allow a consortium of two local banks to arrange a $1.4 billion syndicated loans for two liquefied natural gas (LNG) projects, the government said on Wednesday.
October 5, 2021 | 11:32 pm PT
Central province seeks approval for $27-bln LNG project by US firm
The central province of Khanh Hoa wants the government to add a new liquefied natural gas project worth $27 billion to the 2021-30 national energy master plan.
May 16, 2021 | 09:19 pm PT
Legal challenges block natural gas investment
Unresolved regulatory obstacles are preventing investors in liquefied natural gas (LNG) from replicating the success of renewable energy in Vietnam, a report says.
January 25, 2021 | 12:33 am PT
Energy companies make a beeline for central Vietnam
Several foreign and domestic companies have expressed interest in building multibillion-dollar liquefied natural gas power and storage plants in the central province of Khanh Hoa.
November 22, 2020 | 07:50 pm PT
$6 bln LNG-fired power plant planned in central Vietnam
A U.S.-Vietnamese joint venture wants to build a $6 billion liquefied natural gas-fired power plant in the central province of Thua Thien Hue.
November 8, 2020 | 11:19 pm PT
Exxon Mobil’s $5-billion LNG power plant gets green light
The northern port city of Hai Phong has given approval to Exxon Mobil to build a liquefied natural gas-fired power plant.
October 2, 2020 | 11:30 pm PT
Central province seeks to compensate nuclear loss with more LNG power
Ninh Thuan has proposed that it develops another 4,600 MW plant using liquefied natural gas (LNG), making up for shelved nuclear energy plans.
July 23, 2020 | 03:40 am PT
$4 bln LNG plant asking price too low: trade ministry
The Ministry of Industry and Trade is concerned the investor of a $4-billion power plant won’t be able to commit to its proposed electricity price tag.
December 4, 2019 | 06:07 am PT
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