Thi Vai LNG Terminal

From Global Energy Monitor
This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.

Thi Vai LNG Terminal is a proposed LNG terminal in Bà Rịa–Vũng Tàu Province, Vietnam.


The terminal is proposed for Vũng Tàu Port

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Project Details

Phase 1

  • Owner: PetroVietnam Gas[1]
  • Parent: Petrovietnam[1]
  • Location: Vũng Tàu Port, Bà Rịa–Vũng Tàu Province, Vietnam
  • Coordinates: 10.527191, 107.026022 (approximate)
  • Type: Import
  • Capacity: 1 mtpa, 0.14 bcfd[2]
  • Cost: US$285 million[3]
  • Financing: US$85.5 million equity investment from PetroVietnam; 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[3]
  • Status: Construction[2]
  • Start Year: 2022[2]

Phase 2

  • Owner: PetroVietnam Gas[1]
  • Parent: Petrovietnam[1]
  • Location: Vũng Tàu Port, Bà Rịa–Vũng Tàu Province, Vietnam
  • Coordinates: 10.527191, 107.026022 (approximate)
  • Type: Import
  • Capacity: 3 mtpa[2]
  • Status: Proposed[2]
  • Start Year: 2023[2]

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


In 2012 Tokyo Gas and PetroVietnam signed a Memorandum of Understanding for development of a import terminal in Bà Rịa–Vũng Tàu Province, Vietnam. It would be the first LNG terminal in Vietnam. It was originally expected to begin importing LNG in 2015,[4] later moved to 2017.[5] The terminal will be developed in two phases. Phase one is now expected to begin operations in 2022 with a capacity of 1.0 mtpa, and phase two will begin operations in 2023 with a capacity of 3.0 mtpa.[2]

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.[5]

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.[6] If constructed ThiVai LNG would join Son My LNG as the first infrastructure in Vietnam for LNG imports.[7]

In August 2018, the project was announced to have its feasibility study done and was awaiting the go-ahead signal from the ministries.[8]

In June 2019 the contract to build the terminal was awarded to Samsung C&T.[9] The Thi Vai terminal is expected to be completed in October 2022. It will have a capacity of 1 MTPA in its first phase in 2022, which will be raised to 3 MTPA by 2023 in the second phase of development.[10]

In June 2022, PetroVientam said that the construction of the first phase of the terminal was 95% complete, and it expected to commission the project in the fourth quarter of 2022.[1]

Articles and resources


  1. 1.0 1.1 1.2 1.3 1.4 LNG Prime Staff (2022-06-08). "PetroVietnam Gas says Thi Vai LNG import terminal nearing completion". LNG Prime. Retrieved 2022-07-21.
  2. 2.0 2.1 2.2 2.3 2.4 2.5 2.6 Factbox: Vietnam ramps up plans for LNG import terminals, power plants Market Screener, September 9, 2020
  3. 3.0 3.1 "PV Gas starts constructing Vietnam's first LNG terminal, secures funding," S&P Global, Oct. 29, 2019
  4. ThiVai LNG Terminal, A Barrel Full, accessed April 2017
  5. 5.0 5.1 Toan Dao, "Vietnam’s first $286 million natural gas import project postponed," VN Express, April 19, 2016
  6. "Initiatives by the Tokyo Gas Group," Tokyo Gas Group, October 6, 2016
  7. "Vietnam eyes 2023 start date for LNG imports," LNG World Shipping, 9 November 2016
  8. Tue Lam,"Vietnam’s first regasification terminal to open door for LNG imports", VNE Express, Aug. 1, 2018
  9. Samsung C&T to Build Vietnam’s First LNG Terminal, Business Korea, Jun. 26, 2019
  10. GIIGNL 2021 Annual Report, accessed May 5, 2021

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