Vietnam’s reliance on coal delays gas and renewables

By Alessandro Vitelli 14 July 2017
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A PetroVietnam rig offshore Vietnam. (PetroVietnam) A PetroVietnam rig offshore Vietnam. (PetroVietnam)

Vietnam’s dependence on coal-fired power generation is set to grow in the medium term, but a rapid rise in electricity demand in the country will leave room for LNG to carve out a niche further down the line.

According to German development agency GIZ, Vietnam’s Power Development Plan for 2011-2020, which was revised last year, calls for total electricity generation to increase to 572-632 TWh by 2030 – more than double its 2015 levels.

While the development plan predicts the share of gas in the power generation mix will shrink from 30.0% to 16.8% by 2030, analysts from the Oxford Institute for Energy Studies estimate LNG shipments, scheduled to begin in 2023, should grow to more than 6.6 mtpa by 2030.

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