Chan May LNG Terminal
|This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.|
Chan May LNG Terminal is a proposed LNG terminal in Chan May, Vietnam.
- Owner: Chan May LNG JSC
- Location: Chan May, Vietnam
- Coordinates: 16.332683, 108.020046 (estimate)
- Type: Import
- Status: Proposed
- Start Year: 2024
Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day
Chan May LNG, a U.S.-Vietnamese joint venture, plans to invest up to $6 billion in a power project in Vietnam as it seeks to cash in on the Southeast Asian country’s rising demand for electricity. Along with the LNG terminal, the project in Thua Thien Hue province will include a 4-gigawatt power plant and LNG storage facilities. Construction of the power plant is scheduled to begin in 2021, so that the first phase of 2.4 GW will be operational from 2024 and the entire plant from 2027. Chan May LNG, which is 60% owned by U.S. investors and 40% by Vietnamese investors, said a number of institutions had shown interest in financing the projects, including U.S. Exim Bank, the U.S. International Development Finance Corp. and the International Finance Corp.
Articles and resources
- Khanh Vu, U.S.-Vietnam JV plans to invest up to $6 billion in LNG power project: CEO, Reuters, July 22, 2020