Ian Nguyen, Delta Offshore Energy's managing director
Delta goes private with Vietnamese LNG project
The firm’s LNG-to-power development will be the first in Vietnam to be fully privately owned
Delta Offshore Energy is developing Vietnam's first fully privately owned LNG-to-power project at Bac Lieu in the Mekong Delta. Managing Director Ian Nguyen talks to Petroleum Economist about his company's plans and the LNG sector’s future in Vietnam. Can you give an update on the progress and expected completion dates for the Bac Lieu LNG terminal and power plant? Nguyen: We are finalising the feasibility study appraisal with the Ministry of Industry and Trade and Vietnam’s Electricity and Renewable Energy Authority. Contractors Bechtel, Stena and McDermott will conduct Feed. And we have engaged state utility EVN and its Electricity Power Trading Company subsidiary regarding the power-pur
Also in this section
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
