Cai Mep LNG Terminal to start commercial operations in September 2024

The detailed milestones of the commissioning phase will lead up to the start of the terminal's commercial operations in September 2024. The information was revealed at the Cai Mep LNG Terminal Commissioning Symposium on May 8.

Karthik Sathyamoorthy, CEO of AG&P LNG, said, "I am thrilled to announce the start of the commissioning of Cap Mep LNG Terminal. We are now also on track to start the commercial operations of the terminal in September 2024. The hard work and can-do spirit of the team from Hai Linh, AG&P LNG, and Nebula Energy to meet our commitment of LNG delivery by Q3 2024 has been nothing short of extraordinary."

"At our Cai Mep LNG Terminal Commissioning Symposium, we signed our second definitive LNG offtake agreement with one of the demand aggregators in Vietnam. We signed our first definitive agreement for one million tonnes per annum (MTPA) offtake with HPP power plant earlier this year in March. Very soon, we will be able to provide reliable LNG supply and immediately serve power and nearby industrial customers," added Sathyamoorthy.

AG&P LNG has six additional executed letters of intent with six more demand aggregators for downstream LNG distribution since it acquired 49 per cent stake in the terminal in March this year. Cai Mep LNG Terminal is connected to the nearby Phu My Industrial Park and has pipeline connectivity to Vietnam's largest power generation complex, Phu My, which has gas-fired capacity of 3.9GW.

The terminal is strategically located near the Mekong River Delta and has 220,000 cubic metres of LNG storage, along with LNG break-bulk capabilities that allows it to reload LNG into smaller vessels. Cai Mep Terminal will be initially set at 3 MTPA and expandable to 6 MTPA, with 14 truck-loading bays for LNG and CNG filling.

Le Van Tam, CEO of Hai Linh Co., Ltd., said, "I am excited to announce the commissioning of our Cai Mep LNG Terminal. We at Hai Linh are privileged to have AG&P LNG and Nebula Energy as our partners as we work towards unlocking the potential LNG demand across multiple sectors and help reinforce energy security in the country."

Earlier this week, Cai Mep LNG launched an expression of interest for supplying commissioning LNG cargo to the terminal. The tender for the commissioning cargo is to be issued in early June and awarded by the end of that month.

SK E&S and T&T Group research LNG project in Quang Tri A consortium of investors, including South Korea's SK E&S and Vietnam's T&T Group, have made a proposal to research the development of a liquefied natural gas (LNG) project in the central province of Quang Tri.

Doosan wants to develop LNG project South Korea's Doosan Group is interested in working with Vietnam Electricity (EVN) to develop the liquefied natural gas (LNG) Quang Trach 2 project and other renewable energy projects.

AG&P LNG buys 49 per cent stake in Cai Mep LNG Terminal Singapore-based Atlantic, Gulf and Pacific LNG (AG&P), a subsidiary of US investment and development firm Nebula Energy, has acquired a 49 per cent stake in Cai Mep LNG Terminal located in Ba Ria-Vung Tau province.