Status of LNG projects in Vietnam
Status of LNG projects in Vietnam
Gas-fueled power is believed practical energy supply for Vietnam’s power mix in decades to come.
An increasing list of liquefied natural gas (LNG) planned in Vietnam over the last few years has shown how much the country embraces this kind of energy for its two-digit annual energy demand growth by 2030.
Gas-fueled will take a significant part in Vietnam's power mix by 2030 and vision to 2045
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Vietnam's Institute of Energy has compiled a list of 22 LNG power plants with the first to be operational by 2023.
To make the goal achievable, Vietnam has planned to develop infrastructure capable of importing 8 billion cubic meters (cu.m) of LNG a year by 2030, including LNG from the US that has a widening trade imbalance with Vietnam.
The following proposed LNG projects in Vietnam will provide an overview on the country’s LNG landscape in the future, Reuters has reported.
1/ Thi Vai LNG Terminal & Nhon Trach 3, 4 Power Plants is located in the southern province of Ba Ria-Vung Tau and invested by Petrovietnam Gas Joint Stock Corporation (PV GAS).
Its capacity for the first phase is 1 million tons per year (tpy) of LNG scheduled to be completed by 2022 and to be raised to 3 million tpy by 2023.
PetroVietnam Power Corporation (PV Power) has approved a US$1.4 billion plan to build the Nhon Trach 3 and 4 gas-fired power plants in neighboring Dong Nai province with a combined capacity of between 1,300 megawatts (MW) and 1,760 MW.
The plants, which will use 1.4 million tpy of LNG, are scheduled to become operational from 2023 and 2024, making them the first LNG-to-power facilities in Vietnam.
LNG: PV Gas has signed master sales agreements with Shell Singapore, a unit of Royal Dutch Shell, and Gazprom Marketing and Trading Singapore (GMTS), a unit of Gazprom, for supply of LNG.
Status: The project is under construction.
2/ Khanh Hoa Petrolimex Terminal Project is located in the central province of Khanh Hoa and invested by Vietnam National Petroleum Group (Petrolimex)
The combined capacity of four power plants is 6,000 MW to be built by state utility Electricity of Vietnam (EVN).
LNG: The complex has 180,000-cubic-meter LNG storage facility
Status: Petrolimex signed an agreement with Japan’s then JXTG (now Eneos Holdings) in July 2019 to compile an LNG & Gas Development plan, including the development of the complex.
3/ Ca Na LNG Power Complex is an EVN project located in the central province of Binh Thuan.
The first phase of the project is 1,500 MW expected to become operational in 2025-2026.
LNG: The complex will use LNG imported via a terminal to be developed at the nearby Ca Na Port.
Status: The project is available for investors.
4/ Bac Lieu LNG-to-power Complex is located in the southern province of Bac Lieu by Singapore-based Delta Offshore Energy Pte Ltd.
The power plant capacity is 3,200 MW.
LNG: The complex includes either a floating storage unit or a floating storage regasification unit with capacity of 150,000-174,000 cu.m and 35 kilometers of pipelines.
Status: Construction work on the US$4 billion project is scheduled to start in 2021 and the completion is slated for 2024. It will be the first large-scale LNG project to be developed by a foreign investor.
5/ Son My 2 LNG Power Plant is developed by US-based AES Corp in the central province of Binh Thuan.
The power plant capacity is 2,200 MW.
LNG: will be imported via the nearby Son My LNG terminal which will be built by PV GAS. The terminal has an initial throughput capacity of 3.6 million tpy.
Status: Memorandum of understanding for the US$1.7-billion project was signed in 2019. It is due to become operational in 2026 or 2027.
6/ Son My 1 LNG Power Plant is a project developed by EDF, Sojitz Corp, Kyushu Electric Power Co and Pacific Corp to be located in the central province of Binh Thuan.
Capacity of the power plant is 2,000 MW.
LNG: The facility is estimated to use 0.57 million tpy of imported LNG which will be transported via nearby Son My LNG Terminal.
Status: The power plant is expected to put into operation in 2027.
7/ Long Son LNG Power Complex is a US$3.78 billion project in the southern province of Ba Ria-Vung Tau to be invested by EVN and possibly units of Mitsubishi Corp and General Electric.
The power plant’s capacity for the first phase is between 1,200 MW and 1,500 MW once the facility is put into operation in 2025-2026.
LNG: will be imported via the nearby Long Son LNG terminal, which has a capacity of between 3.5 million and 4.4 million tpy.
Status: Authorized agencies are selecting investors.
8/ Ca Mau 3 LNG Power Plant is a project by PV Power located in the southernmost province of Ca Mau.
With an investment of US$1.51 billion, the power plant with capacity of 1,500 MW and scheduled for operation by 2026-2027 is put in a halt.
9/ US-Vietnam Joint Venture Chan May LNG in the central province of Thua Thien-Hue will be developed by Chan May LNG JSC, a US-Vietnam joint venture.
The power plant’s capacity is 4,000 MW.
LNG: Construction of the US$6-billion complex, which includes an LNG terminal and storage facilities, is scheduled to begin in 2021, with the first phase of 2,400 MW expected to come on line by 2024.
Status: Memorandum of understanding for the project has been signed.
