Companies from Singapore and Australia have created a joint venture to deliver a liquified natural gas to power project for the Bac Lieu province of Vietnam.
Singapore-based Delta Offshore Energy and Australia’s LNG Limited will jointly–with Delta leading–build and operate an LNG import terminal. They will also build a 3,200-MW combined-cycle power plant and deliver power generation into Bac Lieu.
The project is expected to commence operations in 2023 pending government approvals. The companies already have aligned with the provincial government there.
LNG Ltd’s subsidiary Magnolia LNG is working to develop an LNG export terminal in the Port of Lake Charles, Louisiana. Under the deal, Magnolia would deliver two million metric tons of LNG to Delta on an annual basis for this project.
The proposed supply and purchase agreement would cover a 20-year term.
Many countries such as Vietnam are planning or proposing to build LNG reception facilities which would then re-gasify the LNG and use it for power generation. Much of this imported natural gas would come from U.S. drilling plays which are then shipped from the Gulf Coast.
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LNG and natural gas-fired generation worldwide will be a key part of the content offered at POWERGEN International happening Nov. 19-21 in New Orleans.
One company also doing investment work on LNG in Vietnam includes Houston-based Energy Capital Vietnam. David Lewis, Chairman and CEO of ECV, will be a featured speaker in the Natural Gas Knowledge Hub on the POWERGEN exhibit floor.
(Rod Walton is content director for Power Engineering and POWERGEN International. He can be reached at 918-831-9177 and [email protected]).