Vietnam clears ExxonMobil’s $5B LNG-to-power project

Vietnam has given ExxonMobil the green lights to proceed with the massive LNG-to-power project, estimated to cost $5.09 billion, Kallanish Energy reports.

The northern port city said last week authorities have approved the development, which includes power plants and an import terminal. The statement follows on a previous welcome statement by the Vietnamese government in June.

The project is set to be developed in two phases, commissioning 2.25 gigawatts (GW) of powergen capacity by 2026-27, and another 2.25 GW by 2029-30. A terminal with capacity to import 6 million tonnes per annum (Mtpa) will bring in the fuel to run the power generators.

Vietnam is also welcoming a 3GW power plant in the Mekong Delta province of Long An, helping the country to advance its national ambitions of having 22 LNG-to-power plants in the next decade. The plans could see the development of 108.5 GW of new gas-fired power generation.

This post appeared first on Kallanish Energy News.