The PetroVietnam Power Corporation (PV Power) has signed a cooperation agreement with gas industry company Novatek of Russia, on the development of liquefied natural gas (LNG) and energy projects in Vietnam.
Authorities of the south central coastal province of Khanh Hoa have sought the Prime Minister’s backing of two major projects with total investment of more than 27 billion USD proposed by the Millennium Energy Corp of the US at the Van Phong Economic Zone (EZ).
Many foreign and domestic companies are keen on building multibillion-dollar liquefied natural gas power and storage plants in the central province of Khanh Hoa.
Deputy Minister of Industry and Trade Hoang Quoc Vuong on January 7 asked the southern coastal province of Ba Ria-Vung Tau to weigh environmental and economic impacts of liquefied natural gas (LNG) electricity projects that are seeking approval.
Vietnam will work to maintain macro-economy’s stability and economic growth, while creating optimal conditions for businesses investing in the country, Prime Minister Nguyen Xuan Phuc has pledged.
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