Vietnam may scrap 4.8 GW LNG-fuelled power for renewables
Vietnam’s Vingroup has proposed scrapping plans for what would have been the country’s largest LNG-fired power plant and replacing it with a renewable‑plus‑battery scheme, as soaring LNG prices make the 4.8 GW Hai Phong venture financially unviable.
Vietnam shifts from LNG-fuelled power to RES-plus-battery
Vietnam’s Vingroup has proposed dropping plans for what would have been Vietnam’s biggest LNG-fired power plant and replacing it with a renewable-plus-battery project. The 4.8 GW Hai Phong LNG-to-power project could be abandoned over high fuel costs.
ExxonMobil gets greenlight for $5bn LNG-to-power plant in Vietnam
ExxonMobil has been authorised to develop a $5.09 billion LNG terminal and adjacent gas-fuelled power plant in the Vietnamese port city of Hai Phong. The LNG import terminal is approved with a capacity of 6 mtpa, enough to fuel 2.25 GW of power generation capacity that is scheduled to start operations by 2026/27.
