Ian Nguyen, Delta Offshore Energy's managing director
Delta goes private with Vietnamese LNG project
The firm’s LNG-to-power development will be the first in Vietnam to be fully privately owned
Delta Offshore Energy is developing Vietnam's first fully privately owned LNG-to-power project at Bac Lieu in the Mekong Delta. Managing Director Ian Nguyen talks to Petroleum Economist about his company's plans and the LNG sector’s future in Vietnam. Can you give an update on the progress and expected completion dates for the Bac Lieu LNG terminal and power plant? Nguyen: We are finalising the feasibility study appraisal with the Ministry of Industry and Trade and Vietnam’s Electricity and Renewable Energy Authority. Contractors Bechtel, Stena and McDermott will conduct Feed. And we have engaged state utility EVN and its Electricity Power Trading Company subsidiary regarding the power-pur
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
