AES Corporation and PV Gas push ahead with Son My LNG Terminal

May 12, 2022 | 15:58

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The representatives of AES and PetroVietnam Gas JSC (PV Gas) were granted an investment registration certificate for the Son My LNG terminal, which is expected to play an important role in supporting Vietnam’s energy transition and economic growth.

AES Corporation and PV Gas push ahead with Son My LNG Terminal

The investment registration certificate is a major enabler for the establishment of the Son My LNG terminal, which is formed by PV Gas and AES affiliates

With an installed capacity of 450 TBtu and a total investment of about $1.4 billion, the terminal is expected to achieve financial completion in 2023 and begin commercial operations in 2026.

The ceremony took place in the US in the presence of Prime Minister Pham Minh Chinh, US Secretary of Commerce Gina M. Raimondo as well as Vietnamese and US government officials.

“This is an important milestone for the development of the Son My LNG terminal, which will supply liquefied natural gas (LNG) to southern Vietnam and play a major role in shaping Vietnam’s energy future by diversifying the energy mix with imported LNG,” said David Stone, President of AES Vietnam.

The Son My LNG terminal complements AES’ project in the Son My 2 power plant. Together, the plant and the terminal assert AES’ commitment to Vietnam’s economic growth and energy transition through the development of gas and renewable infrastructure, while helping Vietnam meet its energy transition goals and increasing demand for sustainable and affordable electricity.

As a leader in clean growth and innovation, AES has been pioneering the energy industry with cutting-edge technologies in LNG to power, renewables, digital innovation, and battery energy storage, while creating the greener, smarter energy solutions.

AES has extensive experience in developing LNG to power projects, including LNG terminals in the Dominican Republic in 2003 and in Panama in 2018, which have been providing clean, cost-effective, and sustainable energy solutions for the Caribbean and Central America.

By Nguyen Thu

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