LNG

Vietnamese authorities in Nghe An province are urging PV Power to accelerate development of the $2.25 billion Quynh Lap LNG-to-power project with a view to bringing the 1,500 MW plant into operation by 2030 – even as imported fuel costs weigh on profitability.

Europe's latest episode of dark and almost wind-still weather – dubbed Dunkelflaute – has once again highlighted the importance of flexible gas generation. Low wind speeds since early November reduced wind power output by 40% yoy, or nearly 15 TWh compared to November 2024, IEA figures show and that shortfall was largely offset by flexible gas power plants ramping up output by 65% yoy, or 13 TWh.