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.

- Advertisements -

Most Popular

Charif Souki steps down as chairman of Tellurian

US LNG firm Tellurian, the developer of the Driftwood LNG export project in Louisiana, said on Friday that its...

QatarEnergy, ExxonMobil expect first LNG from Golden Pass plant in H1 2025

Energy giants QatarEnergy and ExxonMobil are expecting to start LNG production at their Golden Pass LNG export terminal on...

Dynagas FSRU ready to start Stade job

The 174,000-cbm FSRU Transgas Force, owned by Dynagas, has left Germany's Bremerhaven and will now work as an LNG...

More News Like This

ABB bags Rio Grande LNG gig

Swiss engineering group ABB has won a contract from Bechtel to provide automation and other solutions for NextDecade’s Rio...

Cedar LNG pens deal with SHI and Black & Veatch to secure shipyard capacity

Canada’s Pembina Pipeline and the Haisla Nation have signed a heads of agreement with US-based engineer Black & Veatch...

NextDecade plans to take FID on fourth Rio Grande LNG train in H2 2024

US LNG firm NextDecade is planning to take a final investment decision to build the fourth liquefaction train at...

NextDecade officially kicks off Rio Grande LNG work

US LNG firm NextDecade has officially started building the first phase of its Rio Grande LNG export project in...