Delta moving forward with Vietnam LNG-to-power project

Delta Offshore Energy is progressing with its planned project in Bac Lieu, Vietnam that will include an LNG terminal and a 3.2-GW power plant.

The Hanoi-based firm said in a statement on Thursday that the LNG-to-power project had reached over 95% of its milestones to completion by the end of last year.

This includes the signing of a power purchase agreement end December with the Vietnamese government. Delta claims the 25-year contract under which Vietnam would buy electricity from the Bac Lieu project has a lifetime value of about $50 billion.

In addition, the project completed several technical milestones including the launch of a request for proposals for a 25-year LNG supply deal.

Following the launch in September last year, Delta says the tender reached a semi-final stage in which nine bidders from an initial field of 29 suppliers remain.

Moreover, the firm says that only two firms remain in the game to design and build the project’s floating storage unit, a key element of the power plant’s fuel supply.

Delta signed a licence agreement last year to use Stena’s LNG receiving and regas technology for the facility located about 35 kilometers offshore.

Additionally, McDermott also won last year a contract to provide FEED services for the subsea pipeline connecting the regasification facility and the Bac Lieu power plant.

Delta said McDermott already completed the front-end engineering design.

As per the onshore power plant itself, Bechtel completed the pre-FEED study necessary to establish the engineering basis of the plant, and Black & Veatch completed their concept study of the plan, Delta said.

Most Popular

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.

Shell’s LNG Canada expansion project to get boost from government

Canadian Prime Minister Mark Carney named the planned second phase of Shell's LNG Canada export project as one of the major projects the federal government would help fast-track.

More News Like This

Baker Hughes scores contract for fourth Rio Grande LNG train

US energy services firm Baker Hughes has secured a contract from compatriot engineering company Bechtel to supply main liquefaction equipment for Train 4 of NextDecade’s Rio Grande LNG facility in the Port of Brownsville, Texas.

McDermott bags Monkey Island LNG gig

Houston-based McDermott has secured a contract from Monkey Island LNG for its planned natural gas liquefaction facility in Cameron Parish, Louisiana.

Inpex launches Abadi LNG FEED work

Japan's Inpex has launched the front-end engineering design (FEED) work for the Abadi LNG project in Indonesia. The contractors include Technip Energies, JGC, Saipem, Tripatra, McDermott, and Worley.

Delfin inks new deals for US FLNG project, eyes FID later this year

Delfin Midstream, the US developer of a floating LNG export project offshore Louisiana, is moving forward with the project by signing new deals with Siemens Energy, Samsung Heavy, and Black & Veatch.