Gulf Energy inks agreement to study building of 6,000 MW LNG power plant in Vietnam

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Gulf Energy inks agreement to study building of 6,000 MW LNG power plant in Vietnam

By THE NATION

 

 

Prime Minister of the Socialist Republic of Vietnam Nguyen Xuan Phuc together with Vietnam’s Minister of Industry and Trade Tran Tuan Anh on Saturday (November 2) presided over the signing of a cooperation agreement for the development of an integrated LNG-power project in Vietnam’s Ninh Thuan province between Gulf Energy Development Public Co Ltd (Gulf) and Luu Xuan Vinh, president of Ninh Thuan Provincial People’s Committee.

 

The signing, held on the sidelines of the 35th Asean Summit and Related Summits at Impact Muang Thong Thani, was led on the Thai side by Gulf’s president Porntipa Chinvetkitvanit, former Supreme Court president Cheep Jullamon and former Minister of Energy Viset Choopiban.

 

The project aims to study the feasibility of building a liquid natural gas (LNG) power plant with the capacity of 6,000 megawatts and fully equipped with a LNG processing and distribution station to support economic and urban expansion in the Southeastern region of Vietnam.

 

Related Story: Gulf-PTT inks EEC deal in Map Ta Phut

 

-- © Copyright The Nation Thailand 2019-11-04

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[Srikcir]

4 hours ago, webfact said:

signing of a cooperation agreement for the development of an integrated LNG-power project in Vietnam’s Ninh Thuan province between Gulf Energy Development Public Co Ltd (Gulf) and Luu Xuan Vinh, president of Ninh Thuan Provincial People’s Committee.

Good for Vietnam.

Bad for Thailand's EGAT. But predictable.

Recently Thailand's main stock exchange signed an agreement to develop an energy trading platform with state-owned Electricity Generating Authority of Thailand (EGAT), part of a plan to become Southeast Asia's electricity trading hub. EGAT would develop a "wholesale electricity market for ASEAN members. https://forum.thaivisa.com/topic/1121754-thailand-seeks-to-become-southeast-asia-energy-trading-hub/?utm_source=newsletter-20190905-0607&utm_medium=email&utm_campaign=news

Apart from Thailand importing foreign LNG and electrical energy from Malaysia and Laos, there's nothing unique about electrical energy production that would give Thailand some kind of energy monopoly to act as an energy broker. Case in point is this project in Vietnam.

In fact Gulf Energy is also engaged in negotiations for 3 hyrdo power plants in Laos for sale back in Thailand. https://www.news1.news/2019/10/gulf-aims-to-recover-40-billion-investment-2500-megawatts-ipp-in-rayong.html