Commodity Market Report

Vietnam LNG long-term outlook 2019

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There are over 10 proposed LNG terminals in Vietnam. However, most of these are integrated with LNG to power, targeting an anticipated power shortage. Will the threat of blackouts lead Vietnam to embrace LNG or will it continue to rely on coal? Key highlights • Vung Tau LNG terminal emerges as a dark horse in the race for regas terminals in Vietnam, with construction to complete by 2020 • EPC contract for Thi Vai awarded to the consortium led by Samsung C&T and PetroVietnam Technical Services Corporation (PTSC) • Continued delays expected for downstream power plants underpinning Thi Vai LNG terminal, pushing back on the terminal start-up date • Coal-fired power may start to lose favour towards the end of our forecast, fuelling LNG demand growth We have added a comprehensive list of proposed LNG regas projects in this update, along with our latest view on demand, contract developments, market structure and policy.

Table of contents

  • Energy policy
    • Under Construction
    • Vung Tau regasification terminal
    • Proposed terminals
    • Thi Vai regasification terminal
    • Son My regasification terminal
    • Bac Lieu regasification terminal
    • Quang Nam regasification terminal
    • Ca Na regasification terminal
    • 4 more item(s)...
  • Downside risks
  • Upside risks

Tables and charts

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  • Proposed LNG terminals

What's included

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    Vietnam LNG long-term outlook 2019

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