Russian energy giant Gazprom invests $297 million in Quang Tri

March 11, 2022 | 08:00

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On March 10, high-level officials of Quang Tri People's Committee met Sergey Turmanov, general director of Gazprom International and representatives from Vietnam Oil and Gas Group, according to the locality's official website.

Russian energy giant Gazprom invests $297 million in Quang Tri

At the meeting, the participants discussed the implementation of the upcoming 340MW gas-fired power project in the province, with Gazprom International acting as the investor, in the Southeast Quang Tri Economic Zone.

Before that, another meeting last December between representatives of Quang Tri province, Gazprom International, and the Minister of Industry and Trade evaluated the technical aspects of the development of integrated projects.

As a gesture of gratitude, representatives from Gazprom International suggested that Quang Tri could continue to assign a dedicated point of contact for the project's execution.

Vo Van Hung, Chairman of Quang Tri People's Committee, noted that Quang Tri aspires to become a new energy hub in Central Vietnam. Thus, renewable energy power projects, electricity, and gas pipeline plans would be critical steps to support the locality’s growth.

"The project will use combined cycle gas turbine technology, and the total investment is estimated at $297 million, which will be funded by the investor. Construction will take place over approximately 27 months, using natural gas extracted from the coast of Quang Tri as the primary fuel source and imported natural gas as a secondary fuel source," Quang Tri's website stated. "The plant is anticipated to begin operations after 2023."

By Lam Tien

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