Delta managing director Ian Nguyen
Delta sees LNG-to-power back on track in Vietnam
The company remains bullish despite last year’s LNG sector upheaval
Delta Energy is a private sector company from Vietnam and is developing the country’s first independent LNG-to-power project at Bac Lieu, comprising a 3.2GW power station and associated regasification terminal. Managing director Ian Nguyen spoke to Petroleum Economist about the project, the impact of LNG market volatility and doing business in Vietnam. Nguyen confirmed the company still expects to break ground in 2024, “assuming we can sign the [power-purchase agreement: PPA] in 2023”. Work will start on both the LNG terminal, pipeline and power plant, with the first two to be commissioned before the first 800MW unit is operational. Delta expects that first 800MW block “to be operational in
Also in this section
23 June 2025
Jet fuel will play crucial role in oil consumption growth even with efficiency gains and environmental curbs, with geopolitical risks highlighting importance of plentiful stocks
23 June 2025
A blockade of the Strait of Hormuz would have reverberations that would sound around the world
20 June 2025
The scale of energy demand growth by 2030 and beyond asks huge questions of gas supply especially in the US
20 June 2025
The Emirati company is ramping up its overseas expansion programme, taking it into new geographic areas that challenge long-held assumptions about Gulf NOCs
