industry and trade sector picks out annual highlights

Industry and trade sector picks out annual highlights

The Ministry of Industry and Trade (MoIT) has just announced 10 outstanding events in 2023 in the sector, including the inauguration of the Thai Binh 2 Thermal Power Plant in April, and Thi Vai Liquefied Natural Gas (LNG) Terminal Project 1 in Thi Vai.
thai binh unveils 2 billion lng power plant project in japanese deal

Thai Binh unveils $2 billion LNG power plant project in Japanese deal

Thai Binh province announced a $2 billion LNG thermal power plant project, in collaboration with Tokyo Gas Co., Kyuden Corporation, and Truong Thanh Group, marking a major stride in Vietnamese-Japanese economic cooperation.
high prices anticipate challenges for import of lng

High prices anticipate challenges for import of LNG

Although Vietnam is contemplating the development of liquefied natural gas as one of the means to transition to low-emission energy sources, current plans note that rising prices and higher transportation costs could make it harder to meet the nation’s 2030 goals.
pv gas inaugurates thi vai lng terminal

PV GAS inaugurates Thi Vai LNG Terminal

On October 29, PetroVietnam Gas Corporation (PV GAS) held a ceremony to inaugurate Thi Vai Liquefied Natural Gas (LNG) Terminal at Cai Mep Industrial Park in the southern province of Ba Ria-Vung Tau.
vietnams biggest lng terminal becomes operational

Vietnam’s biggest LNG terminal becomes operational

The 1 million-tonne Thi Vai liquefied natural gas (LNG) terminal project, the biggest of its kind in Vietnam, was officially put into operation in the southern province of Ba Ria - Vung Tau on October 29.
petrovietnam sets ambitious targets

PetroVietnam sets ambitious targets

Riding on positive growth, state-run Vietnam Oil and Gas Group (PetroVietnam) has set high-pressure goals for the last three months of 2023 to ensure sustainable development in the long term.
the key factors to take into account for switch to lng

The key factors to take into account for switch to LNG

Liquefied natural gas is regarded as a bridge from coal and will see more support in coming years. Lam Nguyen Hoang Thao, senior associate at law firm Russin & Vecchi, talked to VIR’s Nguyen Thu about the coal-to-gas trend, and its benefits and challenges in Vietnam.
hopes rise for further lng conversion

Hopes rise for further LNG conversion

The successful conversion of coal-fired projects to liquefied natural gas ventures is required to ensure energy security and help Vietnam move towards its net-zero ambitions.
liquefied natural gas among strongest solutions in transitioning from coal

Liquefied natural gas among strongest solutions in transitioning from coal

With up to a 50 per cent lower carbon footprint than coal, liquefied natural gas (LNG) can be adjusted to increase greener electricity when available.
phu my 3 to rely on costlier lng

Phu My 3 to rely on costlier LNG

The Phu My 3 power plant faces challenges as it transitions from BOT (build-operate-transfer) to Vietnamese control in March next year, marking the culmination of a 20-year contract, according to a recent announcement from the Ministry of Industry and Trade (MoIT)
poor progress made in vietnams power sector

Poor progress made in Vietnam's power sector

Vietnam's power landscape has seen a flurry of investment proposals, but on-the-ground progress hasn't met expectations. This underscores the crucial challenge of delivering consistent, reasonably priced electricity.
sumitomo to cooperate with pv gas in lng

Sumitomo to cooperate with PV Gas in LNG

Sumitomo Corporation expects to collaborate with PV Gas in developing liquefied natural gas projects chain in Van Phong Economic Zone of the central coastal province of Khanh Hoa.
lng conversion strategy ramps up to ensure power sources for vietnam

LNG conversion strategy ramps up to ensure power sources for Vietnam

The plan to develop 22GW of liquefied natural gas-to-power projects, along with the government’s commitment to reduce emissions, is creating vast opportunities for Vietnam’s thermal power developers to make an energy transition and gradually phase out coal.
nghe an promotes development of quynh lap lng fueled power project

Nghe An promotes development of Quynh Lap LNG-fueled power project

The People's Committee of central Nghe An province has requested relevant departments, branches, localities and agencies to strictly implement assigned tasks to ensure quality and development progress of Quynh Lap liquefied-natural-gas (LNG)-fueled power project.
vietnams lng power projects face contractual hurdles and rising import costs

Vietnam's LNG power projects face contractual hurdles and rising import costs

Vietnam's ambitious journey into liquefied natural gas (LNG) power projects is facing stumbling blocks, as protracted contract negotiations threaten the progress of key initiatives.