Stena Power and LNG Solutions has completed successful model testing of the receiving terminal technology ordered for Delta Offshore Energy’s LNG-to-power project in Vietnam.

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Vietnam is making progress on several liquefied natural gas import projects to support associated power plants and one such venture in Bac Lieu Province in the southern Mekong Delta has signed a technology license agreement with Stena Power and LNG Solutions for jetty-less LNG receiving and regasification technology.

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Vietnam is making progress on several liquefied natural gas import projects to support associated power plants and one such venture in Bac Lieu Province in the southern Mekong Delta has been highlighted in a half-yearly Vietnamese report on the economy.

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The Australian-listed developer of the US Magnolia export plant in Louisiana with an agreement to supply cargoes to Vietnam said a Singapore-based private company has withdrawn a planned takeover bid.

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Friday, 27 December 2019 06:37

Magnolia LNG boost

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Dec 27 (LNGJ) - LNG Ltd., the Australian-listed developer of the Magnolia LNG export plant in Louisiana, said it was grateful to the Vietnamese government for including Delta Offshore Energy’s LNG-to-power project in the Asian nation’s latest Power Development Plan.

   The approval clears the way for Delta Offshore to negotiate and finalize a 25-year power purchase agreement to underpin its LNG-to-power project in Vietnam’s Bac Lieu Province. It also empowers the Magnolia LNG export venture to finalize a binding sale and purchase agreement for delivery of 2 million tonnes per annum of US LNG to Vietnam.

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Vietnam is making progress on a project to construct a liquefied natural gas import terminal with an associated power plant in Bac Lieu Province in the southern Mekong Delta and the venture is being developed with full foreign infrastructure investment.

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