PetroVietnam Gas's Thi Vai LNG terminal, located in southern Vietnam near Ho Chi Minh City, has received its first LNG shipment. The terminal has received a cargo of 70 kt of LNG from the Singapore-based Shell Eastern Trading, a subsidiary of the UK’s Shell. This marks Vietnam’s first ever LNG import.
PetroVietnam Gas started the construction of the Thi Vai LNG terminal project, which has an LNG regasification capacity of 1 Mt/year, in 2019, and completed it in May 2023. The LNG import facility consists in one 180,000 cbm LNG tank, a jetty, and regasification area. A second phase of the project, with a planned capacity of 3 Mt/year, is expected for completion by 2024. The terminal will notably supply two nearby power plants being developed by the state-owned PetroVietnam Power, with the first set to be operational by 2024 as well.
Vietnam plans to build 15 LNG-fired power plants by 2035 with a combined capacity of more than 22 GW, accounting for nearly 15% of the country’s total power generation mix.
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