Thi Vai LNG Terminal

From Global Energy Monitor
This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.
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ThiVai LNG Terminal is a proposed LNG terminal in Bà Rịa–Vũng Tàu Province, Vietnam.

Location

The terminal is proposed for Vũng Tàu Port

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Project Details

  • Owner: LNG Vietnam
  • Parent: PetroVietnam, Tokyo Gas
  • Location: Vũng Tàu Port, Bà Rịa–Vũng Tàu Province, Vietnam
  • Coordinates: 10.527191, 107.026022 (approximate)
  • Capacity:
  • Proposed Capacity: 1 mtpa, 0.14 bcfd
  • Status: Construction
  • Type: Import
  • Start Year: 2022
  • Financing: US$80 million loan from HSBC and two Taiwanese banks, Mega Bank and Taipei Fubon Bank; US$81.2 million loan from two Vietnamese banks, Southeast Asia Commercial Joint Stock Bank and Vietnam Export Import Bank[1]

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

In 2012 Tokyo Gas and PetroVietnam signed a Memorandum of Understanding for development of a 1 mtpa LNG import terminal in Bà Rịa–Vũng Tàu Province, Vietnam. It would be the first LNG terminal in Vietnam. It was expected to begin importing LNG in 2015,[2] later moved to 2017.[3]

In April 2016 PetroVietnam said it had decided to temporarily put on hold work on the proposed US$286 million LNG terminal to review the feasibility of the project.[3]

In July 2016, Tokyo Gas Asia established LNG Vietnam in partnership with PetroVietnam Gas Joint Stock Corporation and Bixtexco Group for the purpose of procuring and selling LNG and building the Thi Vai LNG Terminal.[4] If constructed ThiVai LNG would join Son My LNG as the first infrastructure in Vietnam for LNG imports.[5]

In August 2018, the project was announced to have its feasibility study done and was awaiting the go-ahead signal from the ministries. "VN-Express news flash"

In June 2019 the contract to build the terminal was awarded to Samsung C&T.[6] Construction is scheduled to begin in June 2019 and be completed by October 2022.[6] Construction of the terminal began in October 2019.[7]

Articles and resources

References

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