PetroVietnam Gas Signs Deal for First LNG Cargo from Shell Eastern Trading
(Reuters) — PetroVietnam Gas said on Tuesday it had signed a contract to buy Vietnam's first LNG cargo from Singapore-based Shell Eastern Trading.
The cargo is for test running PetroVietnam Gas's LNG terminal in the southern province of Ba Ria Vung Tau, the company said in a statement.
It did not provide the size of the cargo nor the price for the LNG.
Last month, the company issued a tender seeking to buy Vietnam's first LNG cargo of 50,000 tonnes to 70,000 tonnes.
The Thi Vai LNG Terminal will primarily supply two gas-fired power plants with a combined capacity of 1.5 gigawatts now being built in the neighboring province of Dong Nai by PetroVietnam Power Corp. at a cost of $1.4 billion.
The cargo marks a milestone on the Southeast Asian nation's route to becoming a key LNG importer.
Vietnam plans to develop a fleet of LNG-fired power plants with a combined capacity of 22.4 gigawatts by 2030, accounting for 14.9% of the country's total power generation mix.
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
Comments