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

Atlantic LNG shipping rates down, Pacific rates climb

Atlantic spot LNG shipping rates dropped this week, while Pacific rates rose compared to the week before, according to Spark Commodities.
LNG Terminals

Cheniere nears launch of seventh Corpus Christi expansion train

US LNG exporter Cheniere is close to launching the seventh and final train of the Corpus Christi Stage 3 expansion project in Texas.
LNG Terminals

Vietnam’s Cai Mep LNG terminal starts gas deliveries to Phu My power complex

Nebula Energy’s AG&P LNG has started delivering natural gas from Vietnam's Cai Mep liquefied natural gas (LNG) import terminal to the 900 MW Phu My 2.1 and 2.1E power plants operated by EVNGENCO3.
spot_img

More News Like This

LNG Terminals

Snam’s Piombino FSRU gets Golden Pass LNG cargo

Snam’s FSRU-based LNG import terminal in the Italian port of Piombino has received its first LNG cargo from the Golden Pass LNG export terminal in Texas, according to shipping data.
Corporate

Japan’s Jera forms LNG unit

Japan's power firm and LNG trader Jera has established Jera Global Energy Solutions (Jera GES) to develop and manage its long-term LNG, upstream, lower-carbon fuels, and shipping portfolio.
LNG Terminals

Golden Pass LNG gets green light to start commissioning of second train

Golden Pass LNG, a joint venture of energy giants QatarEnergy and ExxonMobil, has secured approval from the US FERC to kick off the commissioning process for the second liquefaction train at its three-train plant in Texas.
LNG Terminals

Golden Pass LNG seeks FERC OK to start commissioning of second train

Golden Pass LNG, a joint venture of energy giants QatarEnergy and ExxonMobil, is seeking approval from the US FERC to kick off the commissioning process for the second liquefaction train at its three-train plant in Texas.