LNG

Update news LNG

In Vietnam, about 20 LNG-fired power projects are in the pipeline. Some of these programmes, however, have yet to identify a fuel source.

High costs and legal impasses hinder LNG energy development in Vietnam

Too many variables and over-reliance on imports have been hindering Viet Nam's plan to build power plants running on liquefied natural gas (LNG), industry experts have said.

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.

Vietnam’s power development plan to boost LNG sector

The outlook for Vietnam’s emerging liquefied natural gas (LNG) sector remains promising as the country’s need for the product is large to serve its power development plan, according to Fitch Solutions.

Vietnam's LNG market becomes busy as energy sector restructures

Though the LNG market in Vietnam is still in its infancy, both state-owned enterprises like PV Gas and private companies like Angelin Energy see its great potential, reported Nhip Cau Dau Tu.

Millenium to develop $15 billion LNG project in Khanh Hoa

If the $15 billion LNG project of Millenium Group is approved, it will contribute to making the Nam Van Phong area the largest LNG centre in Southeast Asia.

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.

Robust growth predicted for Vietnam’s power sector despite near-term headwinds

Fitch Solutions predicted power consumption in Vietnam to grow by an annual average of 6.5% between 2020 and 2029, which still remains one of the fastest growth rates in Asia.

US ties expand on back of power plans

Vietnam is diversifying its sources of power in the direction of reducing coal-fired power and raising the share of renewable energy and liquefied natural gas-based power, creating a new race for investors.

Bac Lieu LNG-to-power project triples January FDI inflow

The Bac Lieu LNG-to-power project marks the first billion-dollar foreign direct investment project in 2020 after a year going without projects of this magnitude, effectively tripling the first-month foreign investment inflows against last year.

Proposed LNG projects hasten clean and ample energy supply

The shift from coal to gas in energy planning is important for Vietnam’s future. 

US firms are pouring money into Vietnam LNG market

Investing in the Vietnamese LNG market shows a diversified investment portfolio and part of efforts to balance the two-way trade.  

Vietnam concerned over potential electricity shortages

Minister of Industry and Trade Tran Tuan Anh sounded the alarm about the high risk of power shortages at a meeting earlier this week.

 

Vietnam to import LNG to meet burgeoning electricity demand

Demand for liquefied natural gas (LNG) will continue to be strong, outpacing domestic production by 2020 requiring the country to import around one million cubic metres a year, according to the Ministry of Industry and Trade.

 

US-based AES Corporation plans to build LNG hub in Vietnam

LNG fits the new strategy of the government of Vietnam in power sector and becomes AES’ major focus in Vietnam.

US aids its energy companies to boost engagement with Vietnam

Vietnam has huge energy needs while the US, with is abundance, is seeking to boost energy diplomacy in the Indo-Pacific region.

Vietnam gas association urges Government to cut red tape

The Vietnam Gas Association has asked the Government to cut red tape for gas trading.

 

Transforming Vietnam into a regional energy powerhouse

Mr. Dave Sivaprasad, Managing Director and Partner, and Ms. Tuyet Vu, Principal at the Boston Consulting Group (BCG), share about their views on Vietnam's transformation into a regional energy powerhouse.

Vietnam will import LNG

Vietnam's gas supply is forecast to fall short of demand between 2017 and 2035, therefore, which makes it necessary to develop new gas sources, build infrastructure to develop marginal gas fields or even import liquefied natural gas (LNG).