Developers expect smoother LNG policy planning

Developers expect smoother LNG policy planning

The government has asked the Ministry of Industry and Trade to clarify the planning data and feasibility of liquefied natural gas power development towards 2030, which has set a target of almost 24,000MW, accounting for 16.4 per cent of the total power source in the nation’s draft master power plan.
GE secures first 9HA combined cycle power plant order in Vietnam

GE secures first 9HA combined cycle power plant order in Vietnam

PV Power’s Nhon Trach 3 & 4 will be the first 9HA-gas-turbine-powered plant in Vietnam, as well as the first to be powered by liquefied natural gas (LNG).
Investors getting on board the LNG train

Investors getting on board the LNG train

Liquefied natural gas-to-power remains an important part of Vietnam’s energy transition story, and investors – both local and international – continue to demonstrate a strong interest in the sector.
Higher oil prices temporarily supports Malaysia's economy: economist

Higher oil prices temporarily supports Malaysia's economy: economist

The Russia-Ukraine tension appears to benefit Malaysia's position as a net oil exporter and the sharp rise in oil prices will provide temporary support for the country's fiscal position, according to World Bank senior country economist Shakira Teh Sharifuddin.
Japanese firm strikes deal to join Vietnam’s LNG market

Japanese firm strikes deal to join Vietnam’s LNG market

The Japan Petroleum Exploration Co. Ltd. (JAPEX) and Vietnam’s ITECO JSC have freshly signed a share purchase agreement and a pact on comprehensive cooperation that involves the procurement, storage, and supply of liquefied natural gas (LNG) in Vietnam.
VinaCapital – growing sustainably with Vietnam

VinaCapital – growing sustainably with Vietnam

VinaCapital, one of the country’s leading investment management companies with a diversified portfolio of $3.7 billion in assets under management, is teaming up with major energy groups such as EDF Renewables for new projects. Don Lam, co-founder and CEO, talked with VIR’s Bich Ngoc on the investment focus and long-term strategy for VinaCapital Group.
Inconsistencies deter power plan feasibility

Inconsistencies deter power plan feasibility

The Ministry of Planning and Investment has pointed out a series of limitations within the newest draft of the National Power Development Plan VII, asking the Ministry of Industry and Trade to supplement missing content and adjust existing calculations.
PDP8 delay to unlock more cost-effective renewables

PDP8 delay to unlock more cost-effective renewables

The past 12 months have been a period of intense activity for Vietnam’s power sector.
Full steam ahead for LNG capacities to omit other fossil fuels?

Full steam ahead for LNG capacities to omit other fossil fuels? 1

With its rapid development, Vietnam’s hunger for reliable and sustainable energy sources grows daily. Thus, the country is making efforts to develop thermal gas power sources to diversify its portfolio, which could be a challenging task as there are currently insufficient supplies within its territory.
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.