Joint venture Son My LNG terminal warehouse project gets approval
In the south-central province’s Ham Tan district, the People's Committee of Binh Thuan province has issued a decision approving the investment of the Son My liquefied natural gas (LNG) terminal warehouse project.
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With a total investment of more than 1.3 billion USD, this is one of the largest LNG terminal warehouse projects in Vietnam at present.
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| 1.3-billion-USD LNG terminal warehouse project gets green light. |
The project, implemented by a joint venture of Petrovietnam Gas JSC (PV GAS) and US-based AES Corporation, is expected to be put into operation in 2027, providing 3.6 million tonnes of LNG per year in the first phase, and 6 million tonnes in the second phase.
It aims to serve Son My 1 and Son My 2 gas-fueled power plants, as well as LNG import.
Binh Thuan has become one of Vietnam’s major energy centers. Currently, the province houses 48 power plants of all kinds with commercial generation, whose combined capacity totals 6,794 MW.
(Source: Vietnamplus)
