Vietnam's need for LNG projects is greater than ever due to instability of the power system, power shortages caused by delayed investment of other power projects and energy security requirements.
For Vietnam, coal and hydro reserves are running out, local gas fields are being depleted, renewable energy is limited and relies on certain weather conditions and nuclear power projects are on hold. In these circumstances, imported LNG and gas power emerge as comparatively desirable solutions to ensure energy security. The potential is considerable, but currently there are no LNG terminals in operation and only a few operating gas-fired power plants in Vietnam.
This report provides an overview of the liquefied natural gas (LNG) market in Vietnam, as well as a discussion of the opportunities, main investment steps and key challenges for foreign investment in LNG.
Publication Date: October 2020