The Vietnamese national oil and gas company PetroVietnam Gas (PV Gas) and AES Corporation have secured an Investment Registration Certificate for the 3.6 Mt/year Son My LNG import terminal in the central province of Binh Thuan (Vietnam). The project’s capacity could be expanded to 9.6 Mt/year at a later stage. Commissioning is scheduled in 2025-2026. The US$1.4bn LNG terminal will receive, process, and supply reprocessed LNG as fuel for the Son My 2 CCGT project (2.2 GW), operated by AES, which should also enter operations in 2025. AES received approval for the power plant project in September 2019; the power plant will have a 20-year contract with the government. In September 2021, the two companies signed a joint venture agreement to establish and operate the project.
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