Ho Chi Minh City, Vietnam
Three key hurdles for Vietnam’s LNG-to-power sector
Tariffs, location and bureaucracy are obstacles to be overcome to drive greater use of gas in Vietnam’s power sector
Vietnam is in the process of switching to gas from a heavy reliance on coal-fired generation, with as many as 18 gas-to-power projects and nine LNG terminals under development. Substituting coal will have a major impact on ESG and carbon savings, but LNG and gas-to-power developments still face obstacles in Vietnam, speakers told Petroleum Economist’s LNG to Power Forum Apac event in Singapore in mid-May. Vietnam needs to make progress on infrastructure projects—particularly grid upgrades and improvements— to enable these gas-to-power projects to succeed, says Gilles Pascual, Asean power and utilities leader at consultancy EY. Many Vietnamese LNG projects—and even some of the previous tranch
Also in this section
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
