PetroVietnam Gas says Thi Vai LNG import terminal nearing completion

PetroVietnam Gas, a unit of state-owned PetroVietnam, still expects to launch its new Thi Vai LNG import terminal in the fourth quarter of this year, as construction work continues to progress on the country’s first such facility.

PV Gas said earlier this year it had planned to launch the facility and import the first LNG cargo in the third quarter of this year, followed by the start commercial of operations in 2023.

The company’s officials visited the onshore LNG receiving terminal at Thi Vai in the coastal area southeast of Ho Chi Minh City on June 5, according to a statement by PV Gas.

Currently, the LNG import facility is more than 95 percent complete, including one LNG tank, a jetty, and regas area, PV Gas said.

The LNG tank had reached mechanical completion in April, while the jetty and the regas unit should reach completion in July, it said.

PV Gas confirmed that it expects to commission the facility in the fourth quarter of this year.

The terminal will have a capacity of 1 mtpa in its first phase, but the company plans to boost the capacity to 3 mtpa in the next stage.

Vietnam’s government previously said that Vietnam would start importing LNG in 2022 in order to meet the country’s growing power demand.

South Korea’s Samsung C&T is building the Thi Vai LNG terminal. It also won an order from PetroVietnam Power, a unit of PetroVietnam, to build a new power plant that will get regasified LNG from this import facility.

The Nhon Trach 3 and 4 plants will have a total capacity of some 1,500 MW.

Most Popular

Venture Global’s Plaquemines LNG wraps up $4 billion notes offering

Venture Global's unit Plaquemines LNG has closed a $4 billion offering of senior secured notes.

Argentina’s Enarsa to spend $567 million on LNG purchases

Argentina's state-owned LNG importer, Energia Argentina (Enarsa), will spend $570 million to purchase 22 liquefied natural gas (LNG) cargoes from BP and TotalEnergies this year.

Shell’s LNG Canada to ship second cargo

Shell-led LNG Canada is expected to soon ship the second cargo of liquefied natural gas from the Kitimat facility on the west coast of Canada, according to shipping data.

More News Like This

PetroVietnam Power says second LNG power plant connected to grid

PetroVietnam Power's Nhon Trach 4 LNG power plant was connected to the national grid on June 27.

PV Gas D, BSR ink LNG MoU

PetroVietnam Low Pressure Gas Distribution (PV Gas D) and Binh Son Refining and Petrochemical (BSR) have signed a memorandum of understanding on LNG supplies.

PetroVietnam Power fires up Nhon Trach 4 LNG power plant

PetroVietnam Power, a unit of state-owned PetroVietnam, has recently fired up its Nhon Trach 4 LNG power plant.

PetroVietnam Power gets loan for LNG purchases

PetroVietnam Power, a unit of state-owned PetroVietnam, has signed a loan agreement with compatriot HDBank to buy liquefied natural gas for its Nhon Trach 3 and 4 LNG power plants.