Hanoi. Vietnam’s rapid growth means accelerating energy demand
Power pricing threatens Vietnam’s gas plans
The country’s drive to adopt LNG and gas could be imperilled as the state electricity company haemorrhages money
Vietnam is making headway in developing a fleet of LNG-fired power stations that will be fed by the country’s first regasification terminal, which launched last year. But ensuring they will be able to operate commercially will first require Hanoi to overcome its reluctance to raise electricity tariffs. In mid-December, a joint venture comprising local developer Truong Thanh Viet Nam Group, the international arm of Japanese utility Kyushu Electric Power, and Tokyo Gas—Japan’s biggest city gas provider—received an investment licence from the Vietnamese government to develop a $1.99b LNG-to-power project in the northern province of Thai Bin. The project will have a capacity of 1.5GW, according
Also in this section
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition
