Vietnam’s LNG sector held back by high prices and delays
The country had been poised to embrace LNG-to-power on a large scale
Vietnam was tipped to finally join the ranks of Asian LNG importers this year, as it looks past coal to meet booming electricity consumption. But the country may not be able to unlock the full potential of its LNG demand until the second half of this decade, amid substantial delays to major projects and the extreme volatility in global gas prices. LNG has captured considerable interest in Vietnam as a potential new source of energy, but prospective suppliers have been left waiting for demand to materialise. Obstacles including tariffs, location and bureaucracy have stymied greater use of gas-fired power generation. At the same time, no long-term LNG contracts have been signed by Vietnamese c
![](/images/white-fade.png)
Also in this section
26 July 2024
Oil majors play it safe amid unfavourable terms in latest oil and gas licensing bid rounds allowing Chinese low-ball moves
25 July 2024
Despite huge efforts by India’s government to accelerate crude production, India’s dependency shows no sign of easing
24 July 2024
Diesel and jet fuel supplies face a timebomb in just four years, and even gasoline may not be immune
23 July 2024
Rosneft’s Arctic megaproject is happening despite sanctions, a lack of foreign investment and OPEC+ restrictions. But it will take a long time for its colossal potential to be realised