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

Contracts and Tenders

Venture Global seals new deals to support expansion of its power network

US LNG exporter Venture Global has entered into power and grid frame agreements with GE Vernova and Baker Hughes for up to 16 new, 720 MW power island units and associated power transformer equipment, supporting the continued expansion of its existing behind-the-meter, industrial power network that is not reliant on the grid.
LNG Terminals

Venture Global gets approval to place first Plaquemines LNG phase in service

Venture Global’s Plaquemines LNG has secured approval from the US FERC to place Phase 1 of its LNG export plant in Louisiana into service.
Vessels

Hanwha Ocean, Posco plan to build LNG carrier with high-manganese steel tanks

South Korean shipbuilder Hanwha Ocean and steel producer Posco plan to build a liquefied natural gas (LNG) carrier equipped with high-manganese steel cargo tanks.

More News Like This

LNG Terminals

Jera boosts Wheatstone LNG stake

Japan’s power firm and LNG trader, Jera, has strengthened its indirect stake in the Chevron-operated Wheatstone LNG project in Australia by acquiring additional shares.
Contracts and Tenders

Inpex exercises right to buy Jera’s Ichthys LNG stake

Japan’s Inpex has exercised its right to pre-empt the sale of Jera’s 0.735 percent participating stake in the Inpex-operated 8.9 mtpa Ichthys LNG project to EIG's MidOcean Energy.
Contracts and Tenders

ExxonMobil’s Rovuma LNG seeks contractor for land transportation services

US energy giant ExxonMobil and its partners in the planned Rovuma LNG project in Mozambique have invited companies to submit expressions of interest to provide land transportation services.
LNG Terminals

ExxonMobil’s PNG LNG hits production milestone

The ExxonMobil-operated PNG LNG project in Papua New Guinea has reached a new milestone, producing more than 100 million tons of liquefied natural gas (LNG) since operations began in 2014.