Mui Ke Ga FSRU

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Mui Ke Ga FSRU, also known as Mui Ke Ga LNG-to-Power Terminal, is a shelved (inferred 2 y) LNG import terminal in Vietnam.

Location

Table 1: Location details

Name	Location	Coordinates (WGS 84)
Mui Ke Ga FSRU	Mui Ke Ga, Binh Thuan, Vietnam	10.7028408, 107.987166 (approximate)

The map below shows the approximate location of the terminal:

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Project Details

Table 2: Infrastructure details

mtpa = million tonnes per year

Name	Facility type	Status	Capacity	Total terminal capacity	Offshore	Associated infrastructure
Mui Ke Ga FSRU	import	shelved (inferred 2 y)	1.5 mtpa	1.5 mtpa	True	–

Table 3: Cost

Name	Facility type	Cost	Total known terminal costs
Mui Ke Ga FSRU	import	–	–

Financing

No financing data available.

Table 4: Project timeline

FID = Final Investment Decision, used by some developers to indicate a project will move forward

Name	Facility type	Status	Proposal year	FID year	Construction year	Operating year	Inactive year
Mui Ke Ga FSRU	import	shelved (inferred 2 y)	–	2021 (Pre-FID)	–	–	2025 (shelved)

Ownership

Table 5: Ownership

Name	Facility type	Status	Owners	Parent companies	Operator
Mui Ke Ga FSRU	import	shelved (inferred 2 y)	Gunvor International; B.Grimm Power PCL; Energy Capital Vietnam	B.Grimm Power PCL; Energy Capital Vietnam; Gunvor Group	–

Background

In December 2020, Energy Capital Vietnam (ECV) formed a joint venture with Gunvor International, one of the world’s leading independent energy commodities trading houses. ECV is a US-based project holding and development company established in 2015 to serve as a platform for private investment into Vietnam. The ECV-led consortium is developing Ka Ga power station, an LNG-to-power project in Mui Ke Ga, Binh Thuan province, in southeast Vietnam. Under the terms of the partnership announced, ECV and Gunvor will form a JV for trading and shipping on behalf of ECV. In addition, Gunvor will supply LNG to the JV on a long-term basis.

The fully private, multi-phase power project will connect via subsea pipeline to an offshore floating storage and regasification unit (FSRU) to import LNG. The first phase of the project was targeting a final investment decision (FID) in late 2021 and commercial operations by 2025. The project is intended to have a regasification capacity of approximately 1.5 million tonnes per year (mtpa) of LNG, with the potential to increase that import capacity to reflect subsequent development phases and opportunities presented by market conditions.

In December 2021, ECV signed a consortium agreement with Siemens Energy and B.Grimm Power, the latter of which intends to take a US$200 million stake in the project.

As of July 2023, the project is listed among projects that are "behind schedule or cannot be implemented" in Power Development Plan 8. The project is mentioned in the ECV's strategy, hence the status remains as proposed.

In an April 2025 amendment to the Power Development Plan 8, the project was still listed as "behind schedule or cannot be implemented." With no other project updates in over two years, as of August 2025 the project was inferred to be shelved.

Articles and Resources

Additional data

To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.