Vietnamese LNG works on politics and price
Hanoi needs energy security. But US LNG can also tick some boxes for its relationship with Washington
Vietnam will select future LNG suppliers for a projected spike in gas import demand based on geopolitics as well as economics, according to asset management firm Energy Capital Vietnam (ECV), which is dealing closely with the Hanoi government. The country’s demand is expected to rise to 31bn m³ by 2035, from 10bn m³ in 2019. Current demand is met from indigenous production, but its largest fields are set to decline and to stop production entirely by the late 2020s to mid-2030s, consultancy IHS Markit estimates. While there is the potential for new domestic reserves to be brought on stream, there is risk of delay, due in part to slow government permitting processes, but also to Chinese territ
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Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
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US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
