Commodity Market Report
Vietnam LNG long-term outlook H2 2020
Report summary
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 commercial operation expected in 2021 • Bac Lieu LNG, the first fully private LNG-to-power project, signed a PPA with EVN in 2021 • Coal-fired power may start to lose favour towards the 2030s, fuelling LNG demand until 2040 before it plateaus as power demand slows and renewables continue to take a bigger share of the fuel mix. We have added a comprehensive list of proposed LNG regas projects in this update, along with our latest view on demand up to 2050.
Table of contents
- Market background
- Hai Linh LNG terminal completes construction, Bac Lieu blazes ahead with PPA signing
- North Vietnam sees two proposed LNG-to-power project
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
26 February 2021
Vietnam gas market long-term outlook H2 2020
Commodity Market Report
Vietnam gas market long-term outlook H2 2020
Vietnam posted positive power demand growth despite the pandemic. Robust power demand drives gas demand, with increasing reliance on LNG.
$2,50008 March 2021
Europe gas and LNG imports and contracts long-term outlook H2 2020
Commodity Market Report
Europe gas and LNG imports and contracts long-term outlook H2 2020
The H2 2020 Europe imports and contracts report and data pack
$4,00029 January 2021
Vietnam product markets long-term outlook H2 2020
Commodity Market Report
Vietnam product markets long-term outlook H2 2020
Wood Mackenzie's outlook for the fundamentals of Vietnam oil products market
$4,750
