PetroVietnam Gas, AES ink deal to build Son My LNG import terminal

PetroVietnam Gas is joining forces with US energy firm AES to build the Son My LNG import terminal in Vietnam.

The two firms signed a joint venture agreement on Wednesday in New York for the development of the Son My LNG terminal, according to a statement by state-owned PetroVietnam Gas, a unit of PetroVietnam.

PetroVietnam Gas said the Son My LNG terminal is a part of a $1.3 billion LNG-to-power complex in the country’s province of Binh Thuan.

The first phase of the LNG import facility would have a capacity of about 3.6 million tonnes per year of LNG and would supply two power plants starting in 2025.

In addition, PetroVietnam Gas said the partners could expand the import terminal to have a capacity of 9 million tonnes per year as part of the next phase.

This is not the first move towards the development of this facility as the two firms have been in talks regarding the LNG terminal for a while now. They have last year signed a term sheet for the joint venture in Vietnam.

AES is joining several players, including Delta Offshore, that are planning to build LNG-to-power projects in Vietnam in order to meet the country’s growing power demand.

Russia’s Novatek also recently said it had established an office in Hanoi as it looks to supply LNG to Vietnam.

Most Popular

Woodside terminates Commonwealth LNG SPA

Australian LNG player Woodside has terminated its two LNG sale and purchase agreements with US LNG terminal developer Commonwealth LNG.

Energy Transfer seals Lake Charles LNG supply deals

Texas-based Energy Transfer has signed new supply deals for its planned Lake Charles LNG export facility in Louisiana as it works to take a final investment decision by the end of this year, according to its management.

Thailand in Alaska LNG talks

Thailand's PTT and Egco will engage in further discussions to potentially participate in the development and buy volumes from the planned Alaska LNG project, according to Thailand's Ministry of Energy.

More News Like This

Petronas delivers first LNG cargo to PetroVietnam Gas

Malaysian energy giant Petronas has delivered the first liquefied natural gas (LNG) cargo to PetroVietnam Gas, a unit of state-owned PetroVietnam.

TotalEnergies inks initial Dominican LNG supply deal

France's TotalEnergies has signed a heads of agreement with ENADOM, the joint venture between AES Dominicana and Energas in the Dominican Republic, to supply liquefied natural gas (LNG) to the latter.

Petronas to supply LNG to PetroVietnam Gas

Malaysian energy giant Petronas will supply liquefied natural gas (LNG) to PetroVietnam Gas, a unit of state-owned PetroVietnam, next month. The two firms will also look into the possibility of signing long-term LNG contracts.

Excelerate, PetroVietnam Gas to collaborate on US LNG supplies

According to a statement by Excelerate on Friday, the two firms have signed a memorandum of understanding to collaborate...