Citibank, ING lend PV Power $300 mln to develop Vietnam's first two LNG plants

Citibank, ING lend PV Power $300 mln to develop Vietnam's first two LNG plants

PetroVietnam Power (PV Power) has reached agreement for a $300 million short-term loan from the U.S.’s Citibank and the Netherlands-based bank ING for developing Vietnam’s first LNG power plants.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Quang Ninh wants 1.5 GW LNG power project to kick off construction

Quang Ninh wants 1.5 GW LNG power project to kick off construction

Quang Ninh's administration has asked the consortium investing in a 1.5-gigawatt LNG-to-power plant in the northern province to speed up the project's preparatory work.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

LNG-fueled power projects struggle with power purchase negotiations, finance sourcing

LNG-fueled power projects struggle with power purchase negotiations, finance sourcing

All 16 LNG-to-power projects scheduled to take shape until 2030 are facing difficulties in negotiating power purchase agreements and investment capital arrangements, according to a ministerial report.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Korea giants KEPCO, KOGAS eye Petrovietnam ties in LNG projects

Korea giants KEPCO, KOGAS eye Petrovietnam ties in LNG projects

Korean giants Korea Electric Power Corporation (KEPCO) and Korea Gas Corporation (KOGAS) are seeking to cooperate with state-run Petrovietnam in developing LNG terminals, LNG-to-power projects, and fuel supply.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Soaring LNG price casts doubt over LNG-to-power plant bankability: PM

Soaring LNG price casts doubt over LNG-to-power plant bankability: PM

Prime Minister Pham Minh Chinh late last week ordered the industry ministry to recalculate the ratio of LNG power in the country’s energy mix under the draft power development plan VIII as the soaring price of imported LNG might make LNG-to-power plants until 2030 infeasible.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7