Vietnam welcomes ExxonMobil interest in LNG-to-power projects
25 June, 2020
US supermajor ExxonMobil is exploring LNG-to-power investment opportunities in Vietnam as the government looks to fill chronic electricity shortages.
The announcement came from Hanoi after a phone call between Prime Minister Nguyen Xuan Phuc and ExxonMobil LNG Market Development Inc President Irtiza Sayyed.
One potential project touted is a 4GW LNG-to-power plant in the northern port city of Haiphong, which could begin generating power between 2025 and 2030.
A second potential site in the Mekong Delta province of Long An which could produce 3GW of electricity.
The plants would use LNG imported from the US or elsewhere, with American imports helping to balance trade between the two countries.