Mui Ke Ga LNG-to-Power Terminal
|This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.|
Mui Ke Ga LNG-to-Power Terminal is a proposed LNG terminal in Mui Ke Ga, Binh Thuan Province, Vietnam.
The floating LNG-to-power project will be in Mui Ke Ga, Binh Thuan Province, Vietnam.
- Owner: Energy Capital Vietnam (ECV) & Gunvor International
- Location: Mui Ke Ga, Binh Thuan Province, Vietnam
- Coordinates: 10.7028408, 107.987166 (approximate)
- Type: Import
- Capacity: 1.5 mtpa
- Status: Proposed, pre-FID
- Start Year: 2025
Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day
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 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 is targeting a final investment decision (FID) in late 2021 and commercial operations by 2025. The project will consume approximately 1.5 million tonnes per year (mtpa) of LNG, with an ability to increase consumption to reflect subsequent development phases and opportunities presented by market conditions.
Articles and resources
- Michael Marray, Energy Capital Vietnam forms LNG joint venture with Gunvor, The Asset, 16 Dec 2020