Vietnam Procurement News Notice - 28027


Procurement News Notice

PNN 28027
Work Detail 06/12/2020 14:47:42 Exxon Mobil plans to invest in a series of LNG gas power projects in Hai Phong and Long An with the capacity of 4,000 MW and 3,000 MW respectively. At a telephone exchange with Prime Minister Nguyen Xuan Phuc on June 11, Mr. Irtiza Sayyed - Global President of Exxon Mobil, said that the group wants to take advantage of opportunities and invest in the energy sector in Vietnam. . Accordingly, the US oil giant is planning to invest in the chain of ports, LNG gas depots and petrochemical and gas refineries in Hai Phong. The scale of LNG gas production project is about 4,000 MW, expected to operate in the period 2025-2030. In addition, the US corporation also plans to invest in developing a 3,000 MW electricity and gas chain in Long An. The gas source used for production at the project complexes will be partly from Exxon Mobil from the US and some countries. Welcoming Exxon Mobils investment plan, Prime Minister Nguyen Xuan Phuc emphasized that Vietnam is one of the countries that soon controlled Covid-19, taking advantage of this opportunity to rise up in development. In this process, Vietnam has a huge demand for energy. In addition, Exxon Mobils series of gas power projects invested in Vietnam will use a part of imported LNG gas, which will contribute to balancing the trade balance between Vietnam and the US.
Country Vietnam , South Eastern Asia
Industry Energy & Power
Entry Date 13 Jun 2020
Source http://icon.com.vn/vn-s83-165115-580/Exxon-Mobil-muon-dau-tu-loat-du-an-dien-khi-o-Viet-Nam.aspx#

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