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

Seapeak says working on charter and other opportunities for six LNG carriers

Stonepeak's Seapeak is pursuing various opportunities relating to six of its liquefied natural gas (LNG) carriers which are scheduled...

Deutsche ReGas: Mukran FSRU welcomes first LNG tanker

LNG terminal operator Deutsche ReGas has received the first LNG tanker at its FSRU-based LNG import facility in Germany’s...

VTTI, IKAV to take majority stake in Italy’s Adriatic LNG terminal

Rotterdam-based storage terminal owner VTTI, co-owned by Vitol, IFM, and Adnoc, joined forces with German asset manager IKAV to...

More News Like This

QatarEnergy LNG to supply one cargo to PetroVietnam Gas

QatarEnergy LNG, previously known as Qatargas, will supply one liquefied natural gas cargo in April to the PetroVietnam Gas-operated...

PetroVietnam Gas starts supplying LNG via trucks

PetroVietnam Gas, a unit of state-owned PetroVietnam, has started supplying liquefied natural gas via trucks from its Thi Vai...

PetroVietnam Gas to launch LNG trucking business

PetroVietnam Gas, a unit of state-owned PetroVietnam, will this month officially start supplying liquefied natural gas via trucks from...

PetroVietnam Gas seeks spot LNG cargoes

PetroVietnam Gas, a unit of state-owned PetroVietnam, has released a tender inviting firms to submit bids for 1-2 spot...