Vietnamplus

Foreign investors are diving into developing liquefied natural gas (LNG) and gas-fired power projects in Vietnam, in part due to country’s growing demand for electricity.

Foreign direct investment (FDI), especially in southern provinces, is expected to increase sharply with a number of billion-dollar projects in the pipeline, according to the Foreign Investment Agency (FIA).

The Mekong Delta province of Bac Lieu signed a memorandum of understanding (MoU) on a liquefied natural gas (LNG)-fueled power project with Energy Capital Vietnam on May 4.