PV GAS already agreed to supply LNG for the trial operation of Nhon Trach 3 and Nhon Trach 4 in a deal signed last year, and will now, along with PV Power, supply gas for the entire operation of these two power plants for the next 25 years.

The power plants at Nhon Trach 3 and Nhon Trach 4, a result of $1.4 billion in investment, are key national projects with a total capacity of 1,624 MW, and are located in Ong Keo Industrial Park in Dong Nai province. Once fully operational, they will provide about nine billion kWh of electricity per year to the national grid.

Nhon Trach 3 Power Plant is slated to be put into operation in July, while Nhon Trach 4 is expected to start operation in October.

The signing of this supply contract supports PV GAS' claim to be one of the top LNG players in Vietnam, showing how the company is capable of meeting the country's increasing demand for clean energy.

Meanwhile, this represents an initial success for PV Power's investments in large-scale power projects. The company is converting a number of power plants from natural gas to LNG.

The two corporations have implemented a roadmap to make imported LNG the main fuel source for gas-fired power plants in Vietnam, gradually replacing the rapidly declining natural gas source in the southeast region.