The Cai Mep LNG terminal, located in southern Vietnam's Vung Tau district, has received its commissioning cargo from Russia. The cargo came from the Sakhalin 2 LNG project in eastern Russia. It was loaded onto the Blue Dragon LNG tanker, which arrived in Vietnam in late May 2025.
The Cai Mep LNG terminal, developed by a joint venture between the Singapore-based AG&P LNG and the Vietnamese petroleum trader Hai Linh Company, has an import capacity of 3 Mt/year of LNG, which could later be doubled to 6 Mt/year. The Cai Mep LNG terminal is Vietnam’s second LNG regasification terminal, after the 1 Mt/year Thi Vai terminal developed by Petrovietnam Gas, which was officially put into operation in late 2023.
Vietnam notably 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.