The Trilateral Vietnam-US-Japan Commercial Liquefied Natural Gas (LNG) Forum took place on December 2 to advance shared energy goals, the US Department of State announced on its website on December 3.
Thai conglomerate B.Grimm Group is studying the feasibility of an additional 3,000MW in Vietnam and a partnership with a US firm for 2,000MW of supply, according to B.Grimm chairman Harald Link.
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.
Delegates at the 14th East Asia Summit (EAS) – Energy Ministers’ Meeting on November 20 reiterated the significance of ensuring stable supply and clean energy with affordable prices to support economic and daily activities.
Energy ministers of ASEAN countries and partners have affirmed their commitment to pursue sustainable post-pandemic economic recovery measures by strengthening partnerships and renovation to ensure energy security, transformation, and recovery.
Providing a sufficient source of energy to facilitate Vietnam’s industrialisation and modernisation while also ensuring national energy security remained a challenge as Vietnam and the region are importing more and more energy.
Senior government officials, industry executives and partners gathered in Hanoi on October 28 for the Indo-Pacific Business Forum (IPBF), which began in Hanoi on October 28.
The PetroVietnam Gas Joint Stock Company (PV GAS) and the US-based AES Corporation have signed the term sheet of the joint venture agreement for the development of the Son My LNG Import Terminal Project - a project with a total investment cost of 1.4 billion USD.
Data from the Ministry of Industry and Trade shows Vietnam will sharply increase imports of coal, gas and primitive energies to meet development needs from now to 2030.
PetroVietnam GAS Corporation JSC (PV GAS), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), raked in over 6 trillion VND (over 259 million USD) of post-tax profit in the first nine months of the year, exceeding the target set for the period by 27 percent.
As the country’s total power output will expand by 80,000 MW by 2030, while large sources are located far from centres, it is necessary to develop sufficient power transmission grid to ensure stable operation of the whole system, according to Deputy Minister of Industry and Trade Hoang Quoc Vuong.
The year 2020 marks a major turning point in the energy industry of Vietnam, with clean energy strengthening its solid position and establishing itself as a profitable sector with significant potential for development, while coal-fired thermal power no longer holding the position as a favoured energy source in the country.
The construction of a series of seaports in the south-central region is expected to drive its maritime economic development, according to local government leaders.
Deputy Prime Minister Truong Hoa Binh has urged the Vietnam Oil and Gas Group (PetroVietnam) to enhance its capacity in petroleum exploration and exploitation to develop the marine economy in the new context.
More firms have set up liquefied natural gas (LNG) desks in Singapore to capitalise on growing demand for gas in Asia, Singapore’s Trade and Industry Minister Chan Chun Sing said.
The Indonesian Ministry of Energy and Mineral Resources and the Indian Ministry of Coal are working together to develop and test the underground coal gasification (UCG) technology in two locations in India’s West Bengal and Rahihajit regions.
Vietnam is striving for a commercial electricity output of 337.5 billion kWh by 2025 and 478.1 billion kWh by 2030, down 15 billion kWh and nearly 230 billion kWh compared with those in the adjusted Power Planning VII.
Vietnam has become one of the world’s fastest growing economies since the country first opened up to foreign trade and investment more than three decades ago, with GDP last year being 12.5 times higher than in 2001 and growth averaging 7.26 percent from 2001 to 2010.
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