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Vietnam’s first liquefied natural gas (LNG) power cluster, constructed at a cost of US$1.4 billion, is set to commence commercial operations on January 1. The Nhon Trach 3 and 4 LNG-fired plants are located in the southern province of Dong Nai and were…
In Hai Phong, a new chapter in the region’s energy landscape is underway as Vingroup, along with VinEnergo, kickstarts the construction of a significant liquefied natural gas (LNG) power plant. This ambitious project, stretching across 100 hectares and…
Vietnam Urges Increased U.S. Imports to Strengthen Trade Relations In a recent governmental meeting, Prime Minister Pham Minh Chinh emphasized the importance of boosting imports of U.S. products, including liquefied natural gas, aircraft, and pharmaceuticals,…
Indonesia aims to export natural gas to Vietnam starting 2026 from the Tuna offshore block located near the Indonesian and Vietnamese maritime border, the country’s energy minister said on Friday. Southeast Asia’s biggest economy may deliver 100 to 150…
The Ministry of Industry and Trade wants coal-fired plants with a capacity of 14,120 megawatts scrapped from electricity production plans for Vietnam to achieve net-zero emissions by 2050. The plants were included in Power Development Plan 7 (for 2011-20) and…
Liquefied natural gas (LNG) power has been considered a major part of Vietnam’s solutions for reducing carbon emission, but the country is facing several hurdles in using it. LNG emits half the amount of carbon compared to coal in electricity production,…
Samsung Heavy Industries said Monday that it has clinched a deal worth 210 billion won ($189 million) to build a liquefied natural gas (LNG) carrier. The contract, with a European shipper, calls for Samsung Heavy to deliver the vessel by March 2021, the…
LNG Canada, the US$30 billion (RM125.7 billion) liquefied natural gas (LNG) export project, has bagged another client after project shareholder Petroliam Nasional Bhd (Petronas) signed an initial sales deal with trading house Vitol. Royal Dutch Shell decided…
Moody’s Investors Service has downgraded Petronas LNG Ltd’s (PLL) ratings outlook to “negative” from “stable”, following the same outlook revision for its parent company Petroliam Nasional Bhd’s (Petronas) yesterday. At the same time, the rating agency has…
Bangladesh signed an agreement with Indonesia on Sunday (29/01) to open talks on imports of liquefied natural gas, as the South Asian country turns to the supercooled fuel to fill a shortfall of domestic natural gas. A letter of intent was signed between two…
Oil giant BP is hoping to open around 350 petrol stations and convenience stores in Indonesia over the next decade, teaming up with Indonesian petroleum and chemicals logistics company AKR Corporindo to cater for drivers in Asean’s largest market. The joint…
South Korea will cut retail natural gas prices for households and industry by an average of 5.6% from May 1 to reflect reduced LNG import costs, the Ministry of Trade, Industry and Energy said Thursday. It marks the third cut this year after rates fell 9% in…
South Korea will cut retail natural gas prices for households and industry by 9% on average from January 1 to reflect the lower LNG import bill as a result of sliding oil prices, the Ministry of Trade, Industry and Energy said Tuesday. “The government will…
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