Lng

With the FEED contract done, the Bac Lieu LNG project is moving into the construction phase Delta Offshore Energy (DOE) and Bechtel signed a contract to provide Front End Engineering Design (FEED) services for a new 3,200MW combined cycle gas turbine (CCGT) power plant in Bac Lieu province. The plant consists of four single shaft units of H-class gas turbine technology and will form the energy backbone of the Mekong Delta region, earmarked as a focus area for major economic development. “This power plant is a game-changer for Bac Lieu province,” said Scott Osborne, Bechtel’s general manager, infrastructure, Asia-Pacific. “We want to make a difference in supporting the Mekong Delta and Vietnam by creating jobs and training, working with local businesses, and providing new opportunities for those in the region.” Bac Lieu is planned to become an industrial hub in the coming years with modern factories and key infrastructure including roads, bridges, schools, and hospitals being … [Read more...] about 3,200MW LNG Bac Lieu inches closer to starting construction thanks to FEED contract

Agriculture sector remains fairly resilient to COVID-19 While the COVID-19 pandemic has devastated the tourism industry and hit industrial production hard, agriculture and community-based agro-forest production have proven resilient in the tourism-intensive central region. Despite an average reduction at 30 per cent of revenue, farmers in suburban Đà Nẵng, Quảng Nam and Quảng Ngãi have maintained stable incomes compared to other sectors thanks to food chain distribution channels. Traditional fishing and self-sufficient farm production have helped residents in the Chàm Islands off the coast of Hội An, the Lý Sơn Islands off Quảng Ngãi Province and gardeners in rural areas of Cẩm Thanh Commune in Hội An and Hòa Ninh and Túy Loan villages in Đà Nẵng keep going throughout the pandemic. Restaurants, cafes and souvenir shops in Hội An – the most popular tourist destination in central Việt Nam – have closed, but farmers in organic gardens in Cẩm Thanh are still supplying people in … [Read more...] about VIETNAM BUSINESS NEWS JULY 20

The office will support activities related to the company’s commitment to fostering economic growth and accelerating the future of energy in Vietnam with its partners in the country. AES is investing in infrastructure projects in the province, including the 2.2 GW Son My 2 combined cycle gas turbine (CCGT) power plant and Son My LNG terminal. The total investment in the 2.2 GW Son My 2 CCGT power plant and Son My LNG terminal will be approximately US$3.2 billion and is expected to significantly enhance the local economy in Binh Thuan. The construction of the plant and the terminal will generate more than 4,500 jobs, as well as improve the livelihoods of the local community. “Our new office will play an important role in developing AES’ LNG projects in Binh Thuan Province on the timeline agreed to with the government of Vietnam,” said David Stone, president of AES Vietnam. “Our work in Vietnam creates not only jobs but also opportunities for valuable technology and knowledge … [Read more...] about AES accelerates future of energy, economic growth in southern Vietnam

The conference on safety, health and environment organized by PV Gas in April 2021 Production and business picked up despite the resurgence of Covid-19 in the country and increased LPG contract prices. Gas demand was unstable and lower than the plan and the same period last year. Gas use for electricity production during the period was very low, at only about 79 percent of the plan. In response, PV GAS regulated gas mobilization for optimal operation; promoted LPG trading to offset declining revenues from gas mobilization; strengthened internal governance and cost reductions; and strictly implemented directives on Covid-19 epidemic prevention and control. These efforts enabled the group to achieve the tasks and targets of the first half of 2021 and record positive results. Accordingly, financial targets were exceeded by 6-35 percent, an increase by 3 to 12 percent year-on-year, with total revenue estimated at VND37.48 trillion, equivalent to 112 percent compared to the same … [Read more...] about PV GAS exceeds H1 financial targets