Vietnam poised to join LNG importers club
At least one, and potentially two, regasification terminals are due to come online next year
State-owned Petrovietnam Gas (PV Gas) expects to start importing LNG in the third quarter of 2022. The utility has completed around 90pc of its Thi Vai regasification terminal, which will have an initial capacity of 1mn t/yr and eventually be expanded to 3mn t/yr. Associated pipeline works are also on track to be completed in time for the third quarter next year. With a significant number of projects underway, Vietnamese LNG imports could “see exponential growth from less than 1bn m³/yr to over 4bn m³/yr over the next decade”, says consultancy Fitch Solutions. PV Gas—which is developing at least two more terminal projects, the 3mn t/yr Ca Mau and 4-6mn t/yr South East LNG schemes—also confir
Also in this section
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy
15 April 2024
Though hampered by methane concerns, US LNG has a crucial role to play for European and Asian energy security, US economic needs and the energy transition drive