Inform

Vietnam's largest gas field takes big step towards commercialisation

Get this report

$1,250

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

17 January 2017

Vietnam's largest gas field takes big step towards commercialisation

Report summary

PetroVietnam and ExxonMobil have signed an agreement on the development and gas sales for the Ca Voi Xanh (CVX) field offshore Vietnam, the country's biggest gas discovery. CVX is aiming to supply around five tcf from 2023, to five power plants with a combined capacity of 3,750 MW. We estimate a total project cost of around US$20 billion, which would make it Vietnam's biggest upstream/power project. Agreeing a gas price clears a crucial commercial hurdle, and the project can now proceed to pre-FEED. However, CVX must still compete commercially with ExxonMobil's other pre-FID projects to stand a chance of achieving sanction by 2020.

Table of contents

  • Vietnam's largest gas field takes big step towards commercialisation

Tables and charts

This report includes 2 images and tables including:

  • Ca Voi Xanh field and future infrastructure
  • Price competitiveness: Ca Voi Xanh gas vs LNG and Coal

What's included

This report contains:

  • Document

    Vietnam's largest gas field takes big step towards commercialisation

    PDF 1011.64 KB

Other reports you may be interested in

Browse reports by Industry Sector