Vietnam receives first LNG cargo in bid to develop new power supply
Add BT as a preferred source
STATE-OWNED PetroVietnam Gas said on Monday (Jul 10) it has received a cargo of 70,000 tonnes of liquefied natural gas (LNG) from Singapore-based Shell Eastern Trading, marking Vietnam’s first LNG import.
The South-east Asian manufacturing hub plans to build 15 LNG-fired power plants by 2035 with a combined capacity of 22.4 gigawatts, accounting for nearly 15 per cent of the country’s total power generation mix, from zero now.
The relatively small cargo, which departed from Indonesia’s Bontang Port, is aimed at test-running PetroVietnam Gas’ Thi Vai LNG terminal in the south of the country, the company said.
The terminal is expected to supply gas to industrial clients and two nearby power plants being developed by state-owned Pietrovietnam Power, with the first set to be operational at the end of next year, according to the developer. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Rare brutalist Singapore house opens to the public before changing hands
