×
×
Project Insights

Vietnam’s first LNG terminal faces headwinds

Construction work has started on the 1 mtpa Thi Vai facility, but PV Gas may face difficulties before it is commissioned such as the signing of a deal with Vietnam's power monopoly Construction work has started on the 1 mtpa Thi Vai facility, but PV Gas may face difficulties before it is commissioned such as the signing of a deal with Vietnam's power monopoly.
By Damon Evans 8 August 2019 Asia Pacific / LNG 0 34465
A rig offshore Vietnam. (PetroVietnam)

The key issue: PetroVietnam Gas has officially started building Vietnam’s first LNG terminal, but the state-backed company will need to overcome several challenges before the 1 mtpa Thi Vai scheme is commissioned.

Interfax analysis: PetroVietnam Gas (PV Gas) may have a hard time bringing Vietnam’s first LNG terminal online. Crucially, aside from concluding its procurement strategy and deciding on supply sources, it will need to finalise a power-purchase agreement with state-owned power monopoly EVN. 

The Thi Vai terminal is primarily intended to fuel the yet-to-be-built Nhon Trach...