AsiaContracts and Tenders

JERA, ExxonMobil join forces on Vietnam LNG-to-power project

By Mirza Duran
JERA, ExxonMobil join forces on Vietnam LNG-to-power project
For illustration only (Image: ExxonMobil)

A unit of US energy giant ExxonMobil and Japan’s largest power generation firm JERA are planning to build a power plant and LNG import infrastructure in the Vietnamese city of Hai Phong.

The duo said in a statement on Wednesday they signed a memorandum of understanding for the LNG-to-power project. This includes the Hai Phong city government.

Furthermore, the duo says LNG-fueled power will provide a “more environmentally-friendly” alternative to the currently proposed coal projects.

“Hai Phong is industrializing at a fast pace, with an annual growth rate of over 20 percent,” Nguyen Van Tung, chairman of the Haiphong People’s Committee, said in the statement.

“Therefore, our annual power consumption is growing and is expected to double between 2020 and 2030,” he said.

ExxonMobil has already submitted a project master plan for review and potential inclusion in Vietnam’s National Power Development Plan.

Additionally, Hai Phong City submitted a letter to include power demand with potential locations of power plants and LNG infrastructure.

The project submissions are pending government approvals.

Most Popular

LNG Terminals

LNG carrier arrives to load first LNG Canada cargo

The 174,000-cbm GasLog Glasgow has arrived at the LNG Canada jetty in Kitimat to load the first LNG cargo produced at the Shell-led terminal, an LNG Canada spokesperson told LNG Prime on Saturday.
Vessels

HD Hyundai Samho scores contract to build LNG carrier quartet

South Korea’s HD Hyundai Samho has secured an order to build four liquefied natural gas (LNG) carriers for about $1.03 billion.
LNG Terminals

Atlantic LNG shipping rates down, Pacific rates up

Atlantic spot LNG shipping rates decreased to $48,750 per day this week, while Pacific rates rose compared to the week before.

More News Like This

Contracts and Tenders

Golden Pass LNG contractors agree terms for second and third train

Japan's Chiyoda and US-based McDermott have signed a binding term sheet with Golden Pass LNG, a joint venture owned by QatarEnergy and ExxonMobil, to complete the construction of the second and third liquefaction units at the giant LNG export plant in Texas.
Contracts and Tenders

Woodside, Jera ink non-binding winter LNG supply deal

A unit of Australian LNG player Woodside and Japan's Jera have entered into a non-binding heads of agreement for the sale and purchase of LNG cargoes during Japan’s peak winter period.
LNG Terminals

Golden Pass LNG construction continues to advance

Energy giants QatarEnergy and ExxonMobil, along with their contractors, continue to advance construction on their massive Golden Pass LNG export facility in Texas.
LNG Terminals

Jera plans to build new LNG units at Sodegaura power plant

Japan’s Jera plans to build new LNG-fueled units at its Sodegaura power plant in the Chiba prefecture, as part of its plans to replace aging facilities.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA