PetroVietnam Gas signs deal for first LNG cargo from Shell Eastern Trading
(Reuters) - PetroVietnam Gas said on Tuesday it had signed a contract to buy Vietnam’s first liquefied natural gas cargo from Singapore-based Shell Eastern Trading.
The cargo is for test running PetroVietnam Gas’s LNG terminal in the southern province of Ba Ria Vung Tau, the company said in a statement.
It did not provide the size of the cargo nor the price for the LNG.
Last month, the company issued a tender seeking to buy Vietnam’s first LNG cargo of 50,000 tons to 70,000 tons.
The Thi Vai LNG Terminal will primarily supply two gas-fired power plants with a combined capacity of 1.5 gigawatts now being built in the neighboring province of Dong Nai by PetroVietnam Power Corp at a cost of $1.4 B.
The cargo marks a milestone on the Southeast Asian nation’s route to becoming a key LNG importer.
Vietnam plans to develop a fleet of LNG-fired power plants with a combined capacity of 22.4 gigawatts by 2030, accounting for 14.9% of the country’s total power generation mix.
Related News
Related News
- Mitsubishi Heavy Industries Compressor acquires Swiss rotating equipment maintenance company AST Turbo AG
- Digital Exclusive: Evolving pressure relief valve designs protect LNG facilities
- Qatar’s Ras Laffan LNG hub hit by missile attack, ‘extensive damage’ reported
- JGC-Hyundai JV awarded EPC contract for major low-carbon LNG plant project in Papua New Guinea
- Iran attacks wipe out 17% of Qatar’s LNG capacity for up to five years
Comments