The state-owned oil and gas group PetroVietnam (PVN) and its member company, PetroVietnam Gas Corporation (PV Gas) started construction on a liquefied natural gas (LNG) warehouse at Thi Vai Terminal in the southern province of Ba Ria – Vung Tau on October 28.

Construction starts on a liquefied natural gas (LNG) warehouse at Thi Vai
Terminal in the southern province of Ba Ria – Vung Tau on October 28. 

Speaking at the groundbreaking ceremony, Vice Chairman of the National Assembly Uong Chu Luu said the Thi Vai LNG Terminal warehouse is significant for the PVN and its subsidiaries to realise goals set in Vietnam’s national energy development strategy.

The Thi Vai LNG and Nhon Trach gas power project chain includes the Thi Vai LNG Terminal warehouse and the Nhon Trach 3 and 4 gas-fired power plants, PV Gas Director General Duong Manh Son said.

The warehouse is designed to receive one million tonnes of LNG a year after the first phase is completed in 2022 at an estimated cost of about 285 million USD. Its capacity is expected to double in the second phase, which is scheduled to finish in 2023.

The warehouse will be capable of receiving LNG tankers with a tonnage of up to 85,000 DWT. After the first phase, it will consist of an LNG tank with a designed capacity of 180,000 cu.m and be capable of supplying extra 1.4 billion cu.m of gas to the Nhon Trach 3 and 4 gas-fired power plants and other industrial businesses.

The operation of the Thi Vai LNG warehouse and the two Nhon Trach power plants will help meet the growing gas and electricity demand in the southeastern region, Son said, adding that the two power plants will be the first in Vietnam using LNG.