Prolonged negotiations over guarantees on power purchases and prices between state power provider Electricity Vietnam (EVN) and private power project developers may delay Vietnam’s shift to LNG, according to the Vietnam Investment Review. Giang Duy Nguyen, Deputy Director General of PV Power, a private power developer with two projects in Southern Vietnam’s Dong Nai province, is quoted as saying this may make meeting operational deadlines ‘implausible’.
Why it matters: LNG is a huge part of Vietnam’s Power Development Plan 8 in which it states that electricity from LNG should account for 15 percent of Vietnam’s electricity supply about 37,000 GW by 2030. As of 2020 it accounted for about 7 GW of Vietnam’s power supply.
