Foreign groups enticed by LNG infrastructure projects

Foreign groups enticed by LNG infrastructure projects

Vietnam’s liquefied natural gas infrastructure market is attracting increasing interest from foreign investors, particularly from the United States, to bridge the gap in energy supply
Ministry approves base price for LNG-fired power at 10.56 US cents/kWh

Ministry approves base price for LNG-fired power at 10.56 US cents/kWh

The Ministry of Industry and Trade (MoIT) has approved the base price for liquefied petroleum gas (LNG)-fired power produced by combined cycle gas turbine thermal power plants at 0-2,590.85 VND per kWh for this year.
Foreign firms keen on Vietnam’s LNG market

Foreign firms keen on Vietnam’s LNG market

Many foreign groups are keenly exploring the potential of Vietnam’s liquefied natural gas sector.
Russian enterprise eyes Vietnam's energy market

Russian enterprise eyes Vietnam's energy market

Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan met with Russia's Novatek Group yesterday to discuss potential investments in LNG projects.
A new chapter for Vietnam’s energy transition journey

A new chapter for Vietnam’s energy transition journey

Karthik Sathyamoorthy, CEO of AG&P LNG, and Sam Abdalla, CEO of Nebula Energy and vice president of AG&P LNG, discussed development plans for Cai Mep LNG terminal.
Realising LNG goals require resolutions

Realising LNG goals require resolutions

Current obstacles in liquefied natural gas import costs and electricity selling prices mean it will be difficult for Vietnam to achieve its set targets for gas power capacity.
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.
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.
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.
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..
Weight still placed on imported LNG

Weight still placed on imported LNG

Vietnam’s growing dependence on imported liquefied natural gas could cause a hike in power production costs.
Flaws in infrastructure hinder plans for LNG

Flaws in infrastructure hinder plans for LNG

The possibility that electricity generated from liquefied natural gas will replace coal-fired power is some way off, with infrastructure concerns regarding import operations coming to the fore.
JERA considers potential investments in Vietnam's bid for net-zero

JERA considers potential investments in Vietnam's bid for net-zero

Deputy Prime Minister Tran Hong Ha is seeking collaboration between Japanese and Vietnamese energy groups for mutual growth and profit sharing.
Key milestones being hit for LNG prospects

Key milestones being hit for LNG prospects

To utilise the promising land of liquefied natural gas, developers are awaiting supportive policies for infrastructure to help save project costs and contribute to green energy goals.
Structure lacking for LNG activities

Structure lacking for LNG activities

The future stable operation of power facilities in Vietnam is being hampered by a lack of infrastructure to import and store sufficient liquefied natural gas.
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