Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Vietnam approves new $2.3 bln LNG project

    Vietnam approves new $2.3 bln LNG project

    October 9, 2021
    Share
    Facebook Twitter LinkedIn WhatsApp
    *LNG vessel

    Hanoi — Vietnam on Friday approved a $2.3 billion liquefied natural gas power plant due to be co-developed by Vietnamese and South Korean companies and to start commercial operations in 2026-27.

    The plant, which is based in the central province of Quang Tri, will have an initial capacity of 1,500 MW, the government said in a statement.

    Vietnam’s T&T group and South Korea’s Korea Southern Power Corp, Hanwha Energy Corporation and Korea Gas Corporation are the project’s developers, the statement added.

    The country’s demand for electricity is forecast to rise 10% annually in the coming years and its LNG imports will rise to 10 million tonnes by 2030 and 15 million tonnes by 2035.

    Vietnam’s industry minister has said the country will begin importing LNG from 2022.

    • Reuters (Editing by Jason Neely)
    • Follow us on twitter

    Related News

    ‘Shell’s decision on Phase 2 of LNG Canada will depend on other opportunities’

    Nigeria loses N710bn to gas flaring in four months

    NLNG, NCDMB launch training for 140 Nigerians as Train-7 hits 80% completion

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    Amakpe Refinery Chairman sues financial firm, denies $1.46m debt claim

    June 10, 2025

    Recovered funds boost student loans, credit access for civil servants – EFCC

    June 10, 2025

    Nigeria commits $50m to Wholesale Impact Investment Fund

    June 10, 2025

    OPEC head says oil demand will keep growing

    June 10, 2025

    ‘Shell’s decision on Phase 2 of LNG Canada will depend on other opportunities’

    June 10, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.