Vietnam adds two LNG-to-Power projects (2.7-3 GW) to national planning

The government of Vietnam has added the Ca Na phase I and Long Song phase I (Ba Ria-Vung) LNG-fired power projects to the National Power Development Planning (PDP). The Ca Na LNG-fired power project is developed by the Thai energy group Gulf in the Ninh Thuan province. The first 1.5 GW phase that has been included in the PDP is expected to be commissioned in 2025-2026. The entire project will have a capacity of 6 GW, for a total investment of US$7.8bn. The first phase of the Long Song project (1,200-1,500 MW) is also scheduled to enter operations in 2025-2026. The project, developed by the state-owned electric utility Electricity of Vietnam (EVN), includes a 3.5 Mt/year LNG import terminal and three 1.2 GW CCGT power plants, with a combined capacity of 3.6 GW, for a total investment of US$4.4bn.

In February 2020, the provincial authority (People’s Committee) of Bac Lieu approved the Bac Lieu LNG-to-Power project, developed by Singapore-based Delta Offshore Energy (DeltaOE) in Vinh Hau A, in the Hoa Binh District of the Bac Lieu Province, in south-western Vietnam. The project comprises a 3.2 GW LNG-to-power CCGT power plant, an LNG floating storage and regasification unit (FSRU) and a 35 km pipeline. Total investment for the project is estimated at VND93,600bn (US$4bn), funded with 15% of equity and 85 % of loan.