Commodity Market Report
Vietnam LNG market outlook
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Report summary
A combination of growing electricity demand and uncertainty in domestic gas production will result in Vietnam joining the group of LNG importing countries. We expect Vietnam's first imported LNG in 2022. Construction of Vietnam's first LNG import terminal, by private company Hai Linh, was completed in June 2020 and awaits testing & commissioning. Construction of Thi Vai LNG, by PetroVietnam, is ongoing. The terminal is likely to be the next to come into operation after Hai Linh's. The other two projects that are advancing are Son My and Bac Lieu. Vietnam has at least ten proposed LNG-to-power projects included in the draft Power Development Plan VIII. Most of the projects include new gas-fired powerplants. In our latest Vietnam LNG market outlook, we have added a comprehensive list of proposed LNG regas projects, along with our latest view on demand, policy, infrastructure, and risk.
Table of contents
- Domestic gas uncertainty and growing power demand upside to LNG business
- Players emerging to participate in LNG to power projects
- Energy policy
-
North Vietnam
- Proposed
- Hai Phong regasification terminal (Exxon Mobil & JERA)
- Hai Phong regasification terminal (Storm Capital)
- Quang Ninh regasification terminal (Tokyo Gas & Marubeni)
- Ha Tinh regasification terminal
-
Central Vietnam
- Proposed
- Quang Nam regasification terminal
- Chan May LNG
-
Southeast Vietnam
- Built but not operational
- Hai Linh regasification terminal (Hai Linh Energy)
- Under construction
- Thi Vai regasification terminal (PV Gas, Tokyo Gas & Bitexco)
- Proposed
- Son My regasification terminal (PV Gas & AES Corporation)
- Bac Lieu regasification terminal (Delta Offshore)
- Ninh Thuan regasification terminal (TotalEnergies)
- Ca Na regasification terminal (Gulf Energy)
- Khanh Hoa regasification terminal (Petrolimex)
- Khanh Hoa regasification terminal (Millenium Energy)
- Long Son regasification terminal
- Other proposals
- Downside risks
- Upside risks
Tables and charts
This report includes 2 images and tables including:
- Vietnam LNG demand
- Built / Under Construction / Proposed LNG terminals
What's included
This report contains:
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