Exxon Mobil’s $5-billion LNG power plant gets green light

By Dat Nguyen   October 2, 2020 | 11:30 pm PT Google Get VnExpress first in Google Search info See more of the news you trust. Make VnExpress a preferred source to prioritise our updates in your Google search results
Exxon Mobil’s $5-billion LNG power plant gets green light
An LNG carrier seen at the port of Nakhodka, Russia. Photo by Shutterstock/VladSV.
The northern port city of Hai Phong has given approval to Exxon Mobil to build a liquefied natural gas-fired power plant.

The city People’s Committee said in a recent statement that the $5.09 billion plant will be built in two phases, each with a capacity of 2.25 gigawatts, the first going on stream in 2026-27 and the second three years later.

The project will also include a terminal with a capacity of six million tonnes of LNG.

In June the government had said it welcomed the U.S. company’s plans to invest in the country, adding that a power project in Hai Phong could use LNG imported from the U.S. or other countries.

Hai Phong has also approved another LNG power project costing $1.9 billion and with a capacity of 1.6 GW, but no further details are known.

The government is drafting a new national power development plan for the next decade that will include 22 LNG power plants with a combined capacity of up to 108.5 GW, the first of which will be commissioned in 2023.

Google Get VnExpress first in Google Search info See more of the news you trust. Make VnExpress a preferred source to prioritise our updates in your Google search results
 
 
go to top