Samsung C&T to build Vietnam’s LNG power plant

South Korea’s Samsung C&T said it has secured a contract from PetroVietnam Power, a unit of PetroVietnam, to build a new power plant that will run on LNG.

Under the deal, Samsung C&T will build the Nhon Trach 3 and 4 combined cycle power plant plants as part of a consortium with Vietnamese contractor Lilama.

According to Samsung C&T, the company’s share of the contract is worth about $510 million while the total construction costs stand at $835 million.

Also, the project scope includes gas and steam turbines, heat recovery steam generators, substations, and power transmission lines, it said.

Samsung C&T is also building the Thi Vai LNG terminal in the coastal area southeast of Ho Chi Minh City.

This facility will supply the Nhon Trach 3 and 4 plants. PetroVietnam Gas, a unit of state-owned PetroVietnam, previously said it had planned to import the first liquefied natural gas cargo via this terminal in 2022.

On the other side, PetroVietnam Power said in November it broke ground on the two LNG power plants in the southern province of Dong Nai worth about $1.4 billion.

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

PetroVietnam Power plans to launch commercial operations at the plants by 2024.

- Advertisements -

Most Popular

NNPC, Golar plan to take FID on Nigerian FLNG project in 2024

State-run Nigerian National Petroleum Corp and floating player Golar LNG plan to take a final investment decision on a...

Chevron suspends Wheatstone LNG production

Chevron’s unit in Australia has suspended production at its 8.9 mtpa Wheatstone LNG terminal near Onslow to complete a...

Venture Global LNG’s customers get access to Calcasieu Pass documents

The US FERC has ordered LNG exporter Venture Global LNG to provide its customers with documents about the commissioning...

More News Like This

TotalEnergies supplies LNG cargo to PetroVietnam Gas

PetroVietnam Gas, a unit of state-owned PetroVietnam, has received a liquefied natural gas cargo from a unit of France's...

PetroVietnam Gas says Thi Vai terminal gets third LNG cargo

PetroVietnam Gas, a unit of state-owned PetroVietnam, has received the third liquefied natural gas cargo at its Thi Vai...

PetroVietnam Gas: Thi Vai terminal receives second LNG cargo

PetroVietnam Gas, a unit of state-owned PetroVietnam, has received the second liquefied natural gas cargo at its Thi Vai...

PetroVietnam Gas to supply LNG to EVN

PetroVietnam Gas, a unit of state-owned PetroVietnam, has signed a deal to supply liquefied natural gas (LNG) to Vietnam's...