Delta launches 25-year Vietnam LNG supply tender

Delta Offshore Energy on Tuesday issued a request for proposals, first of its kind for Vietnam, for a 25-year LNG supply deal to its planned power project in Bac Lieu.

The tender is for delivery of 2.5-3 million tonnes per year on a delivered ex-ship (DES) or freight on board (FOB) basis, the firm said in a statement.

The bidding starts from September 9 with closing date on September 27, it said.

Hanoi-based Delta says Vietnamese government fully approved its 3.2 GW LNG-to-power project but it still needs to take a final investment decision.

Its previous long-term preliminary deal with US-based Magnolia LNG expired earlier this year and Delta did not extend the deadline.

Furthermore, the firm recently also signed a licence agreement to use Stena’s LNG receiving and regas technology for the facility located about 35 kilometers offshore.

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

McDermott also expects to secure the EPCI contract for the pipeline in the first quarter of 2021.

Most Popular

US sanctions four LNG carrier owners

The Department of State said in a statement on Wednesday that it continues to designate entities involved in the...

Shell CEO on 2025 LNG market outlook: ‘I don’t have a crystal ball’

Sawan was asked during Shell's third-quarter earnings call on Thursday if he could share his views on the 2025...

MOL’s large LNG carrier fleet expands

The Jaanpese shipping firm said in its results report it had 100 LNG vessels at the end of September...

More News Like This

Delta plans to start building Bac Lieu LNG-to-power project in 2024

Delta Offshore Energy (DOE) plans to start building its Bac Lieu LNG-to-power project in 2024 following the recent approval...

PetroVietnam Power inks deal with banks for two LNG plants

PetroVietnam Power said it has signed a deal with two local banks to help arrange capital for its planned...

Stena tests tech for Delta’s LNG-to-power project in Vietnam

Stena Power & LNG Solutions, a unit of Sweden's Stena, has completed model testing of its technology for the...

Jaks Resources, T&T to work on LNG-to-power project in Vietnam

Malaysia's Jaks Resources said it has signed a memorandum of understanding with T&T Group to work on LNG-to-power projects...