us ventures in lng on the rise in vietnam

US ventures in LNG on the rise in Vietnam

Foreign oil and gas companies, including a number of US energy groups, are set to invest billions of US dollars in liquefied natural gas projects for Vietnam, helping to balance bilateral trade and deepen economic interests between the two countries despite COVID-19.
millenium to develop 15 billion lng project in khanh hoa province

Millenium to develop $15 billion LNG project in Khanh Hoa province

If the $15 billion LNG project of Millenium Group is approved, it will contribute to making the South Van Phong area the largest LNG centre in Southeast Asia.
gas to power sector to make up 10 per cent of power supply by 2025

Gas-to-power sector to make up 10 per cent of power supply by 2025

The electricity generated by gas-to-power plants will reach 15,000MW by 2025, making up 10 per cent of the total power supply across the country.
chan may initiative brings the power

Chan May initiative brings the power

With an eye towards long-term, sustainable power development to fuel Vietnam’s ascension to become an economic powerhouse, the Chan May LNG Power Plant project is being launched to help fuel job creation and economic development in a post-pandemic economy.
authorities ask lng bac lieu power project to keep price at 7 us cent per kwh

Authorities ask LNG Bac Lieu power project to keep price at 7 US cent per kWh

The National Steering Committee for Electricity Development proposed the investor of Bac Lieu LNG-to-power project to keep the selling price of power at 7 US cent per kWh to save time in negotiating power purchase agreement (PPA).
lng project illustrates new interest

LNG project illustrates new interest

Chan May LNG JSC will sign agreements involving American equipment, engineering, procurement, and construction, with equity and financing worth $6.2 billion of both United States and Vietnamese investment.
exxonmobil intends to pour into lng projects in vietnam

ExxonMobil intends to pour into LNG projects in Vietnam

ExxonMobil plans to build an LNG-based power plant in Haiphong city and Long An province.
nhon trach 3 and 4 thermal power plants look for shareholder approval to kick off

Nhon Trach 3 and 4 thermal power plants look for shareholder approval to kick off

Once the shareholders approve the construction plan, the construction of Nhon Trach 3 and 4 thermal power plants is forecast to kick off in the second quarter of next year to start commercial operations in the four quarter of 2023 and the second quarter of 2024.
long an 1 and 2 thermal power plants to switch to lng model

Long An 1 and 2 thermal power plants to switch to LNG model

Long An 1 and 2 thermal power plants located in Long An power centre are looking for the approval to switch from coal to liquefied natural gas (LNG) in order to decrease their environmental impact.
bac lieu attracts lions share of fdi capital in first four months

Bac Lieu attracts lion’s share of FDI capital in first four months

The southern province of Bac Lieu topped the country in attracting foreign investment in the first four months of 2020 with a single project worth 4 billion USD producing electricity from LNG, the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) has reported.
transitioning the country towards a more feasible energy system fit for the future

Transitioning the country towards a more feasible energy system fit for the future

Liquefied natural gas (LNG) has been an important source of energy for countries worldwide. According to a recent Norwegian-based report, 42 countries are importing LNG to balance their local insufficiency of energy. One of the important benefits of this type of gas is to reduce emission of pollutants into the environment, especially CO2. It is mostly used for energy production, although there is a trend of increasing use of LNG in industrial production activities.
investors show growing appetite for lng power projects

Investors show growing appetite for LNG power projects

A slew of sizeable liquefied natural gas-fired power projects have been in the development pipeline in the past year as a way to replenish national power sources as  Vietnam turns on a greener growth path.
vietnam not in international guarantee for bac lieu lng to power project

Vietnam not in international guarantee for Bac Lieu LNG-to-power project

The government and local authorities will not be mentioned in the document of international guarantee for investors in the Bac Lieu LNG-to-power project.
january february fdi inflows down 25 per cent

January-February FDI inflows down 25 per cent

In the first two months of 2020, Vietnam lured in $6.47 billion in foreign direct investment (FDI), equalling 76.4 per cent compared to the same period last year. The reason of the decline comes from the impact of COVID-19.
siemens wins compressor contract for calcasieu pass lng project

Siemens wins compressor contract for Calcasieu Pass LNG Project

German engineering conglomerate Siemens AG announced on Thursday that it has been awarded a contract to supply three boil-off compressor (BOG) packages for Venture Global’s Calcasieu Pass LNG Project.