The Thi Vai terminal project, an investment of Petrovietnam Gas (a subsidiary of Vietnam’s state-owned oil and gas company PetroVietnam), was officially put into operation, making it the biggest receiving terminal in Vietnam. Starting operations on 29 October 2023, the 1 Mt/year LNG receiving terminal is capable of handling vessels with deadweight tonnage (DWT) of up to 100,000 tonnes and is equipped with a storage tank of 180,000 cm, a gas pipeline and an operating centre, among other facilities.
The project, which started construction in 2019 and completed its first phase back in May 2023, is expected to raise its storage capacity to 3 Mt in its second phase with a LNG regasification capacity standing at 171 TPH. From this complex, situated in the southern Vietnamese province of Ba Ria – Vung Tau, LNG should be distributed to customers through pipelines or by tankers/satellite warehouses.
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.