A grant agreement for a technical assistance for a liquefied natural gas (LNG) terminal and gas-to-power project for Southern Viet Nam was signed by the Viet Nam Electricity (EVN) and the U.S. Trade and Development Agency (USTDA) on May 22 in Ha Noi.
|A grant agreement for a technical assistance for a liquefied natural gas (LNG) terminal and gas-to-power project for Southern Viet Nam is signed by the Viet Nam Electricity (EVN) and the U.S. Trade and Development Agency (USTDA) on May 22 in Ha Noi |
Participants in the event included U.S. Ambassador to Viet Nam Daniel Kritenbrink, USTDA Acting Deputy Director Todd Abrajano and Chairman for EVN Duong Quang Thanh. The Vietnamese Ministry of Industry and Trade has approved the project, allowing the EVN to receive a non-refundable aid worth more than US$1.4 million from the USTDA.
Speaking at the ceremony, U.S. Ambassador to Viet Nam Daniel Kritenbrink said that one of the U.S. Government’s priorities is to support nations and partners, including Viet Nam to realize goals to ensure power security in the world.
The project aims to address difficulties and challenges for Viet Nam’s electricity system in the time ahead and make contributions to guaranteeing the national power security.
USTDA's feasibility study will set the initial parameters for the growth of LNG in the nation and bring much-needed affordable and accessible power to Vietnam's southern region, while also opening new opportunities for U.S. firms to supply gas infrastructure solutions.
During the operation time in Viet Nam, the establishment of the close cooperation with the EVN is a huge success of the USTDA, said Todd Abrajano, adding that the USTDA expects that the signing of cooperative agreements will bring benefits for the U.S. enterprises and Vietnamese partners.
Over the recent decade, the EVN has received technical assistance on information technology and research and development on wind power plants, including the Grant Agreement for a technical assistance to carry out a research project on developing an energy storage system in Viet Nam.