MoU inked for liquefied natural gas-fired power project in Bac Lieu Business

MoU inked for liquefied natural gas-fired power project in Bac Lieu

A memorandum of understanding (MoU) on the building of a 3,200MW liquefied natural gas-fired power plant in the Mekong Delta province of Bac Lieu was signed between representatives of the provincial People’s Committee and Singapore’s Delta Offshore Energy Pte.Ltd (DOE), at a ceremony in the locality on October 12.
Power transmission grid should be developed: insiders Business

Power transmission grid should be developed: insiders

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.
Power sector seeking ways to grow further Business

Power sector seeking ways to grow further

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.
PetroVietnam subsidiaries ink deal on projects Business

PetroVietnam subsidiaries ink deal on projects

Three subsidiaries of the State-owned Vietnam Oil and Gas Group (PetroVietnam) signed a business cooperation contract (BCC) on August 3 to carry out a chain of gas, power, and service port projects.
US helps Indonesia design gas infrastructure World

US helps Indonesia design gas infrastructure

The US Trade and Development Agency announced on June 17 that it had awarded a grant to Indonesia’s PT Nusatama Properta Panbil to promote continued economic growth and energy security in Indonesia.
PV Power to build four new LNG-fired plants Business

PV Power to build four new LNG-fired plants

The PetroVietnam Power Corporation (PV Power), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), has completed plans for the construction of four liquefied natural gas (LNG)-fired power plants.
Newly registered FDI rises by nearly 45 percent in Q1 Business

Newly registered FDI rises by nearly 45 percent in Q1

Vietnam granted investment licenses to 758 new projects worth 5.5 billion USD in the first quarter of 2020, up nearly 45 percent from the same period last year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Vietnam to reduce dependence on coal Business

Vietnam to reduce dependence on coal

Vietnam will reduce the total capacity of coal-fired thermal power plants from 2020 until 2030, according to the National Steering Committee for Electricity Development.
Indonesia aims to double gas production by 2030 World

Indonesia aims to double gas production by 2030

Indonesia is striving to double gas production over the next 10 years to 12.3 billion cubic feet per day as it sets to become one of the world’s top exporters with major projects in the pipeline.
Foreign investment falls 23.6 percent in first two months Videos

Foreign investment falls 23.6 percent in first two months

The inflow of foreign investment into Vietnam experienced a year-on-year drop of 23.6 percent in the first two months of the year to 6.47 billion USD, according to a report from the Ministry of Industry and Trade’s Foreign Trade Agency.
Foreign investment falls 23.6 percent in first two months Business

Foreign investment falls 23.6 percent in first two months

The inflow of foreign investment into Vietnam experienced a year-on-year drop of 23.6 percent in the first two months of the year to 6.47 billion USD, according to a report from the Ministry of Industry and Trade’s Foreign Trade Agency.
Japanese firm expects to supply LNG to O Mon 1 thermal power plant Business

Japanese firm expects to supply LNG to O Mon 1 thermal power plant

Vice Chairman of the municipal People’s Committee of the Mekong Delta city of Can Tho Truong Quang Hoai Nam held a working session with representatives from Japan’s JERA Co. Inc. to discuss the use of liquefied natural gas (LNG) at O Mon 1 thermal power plant in Can Tho.