(VOVWORLD) - Binh Thuan People’s Committee agreed in principle to a 1.33 billion USD investment in a liquified natural gas terminal project in Son My commune.
 Petrovietnam's CEO Le Manh Hung attends a meeting in the US on the LNG terminal project in Son My and future cooperation. (Photo: Petrovietnam) |
The project will provide liquified natural gas to the Son My 1 and Son My 2 gas-fired power plants, the committee announced on Tuesday, adding that the project’s investor is a consortium made up of PV GAS of Vietnam Oil and Gas Group and AES Corporation of the US.
The first phase of the project will supply 3.6 million tons of LNG per year, which will increase to 6 million tons per year in the second phase for gas-fired power plants in Binh Thuan province.
This is the largest LNG terminal project in Vietnam to date, and will help Binh Thuan become a major energy centre of Vietnam, contributing to the development of Vietnam’s energy sector and regional and local socio-economic development.