Economy
Contracts worth $286.3 million inked at Việt Nam Int’l Defence Expo 2024
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| Representatives from PV Gas, amsung C&T and the PetroVietnam Technical Services Corporation inked an engineering, procurement and construction contract for the Thị Vải LNG warehouse. Photo petrotimes.vn |
HÀ NỘI – PetroVietnam Gas Joint Stock Corporation (PV Gas) on Monday signed contracts on the building of a liquefied natural gas (LNG) warehouse and the provision of the product for two thermal power plants.
At the signing ceremony in Hà Nội, PV Gas inked an engineering, procurement and construction contract for the Thị Vải LNG warehouse, located in the southern province of Bà Rịa-Vũng Tàu, with Samsung C&T and the PetroVietnam Technical Services Corporation.
Meanwhile, PV Gas and the PetroVietnam Power Corporation (PV Power) signed a framework contract on the LNG supply and consumption for the Nhơn Trạch 3 and 4 power plants, based in the southern province of Đồng Nai.
PV Gas Director General Dương Mạnh Sơn said a shortage of the product is forecast for the coming years, especially in the southeast – a major economic region. Therefore, to ensure gas supply for existing and new power projects, PetroVietnam and its members are implementing chains of gas-power projects using imported LNG.
Among them, the chain of Thị Vải LNG – Nhơn Trạch projects consists of the Thị Vải LNG warehouse and the Nhơn Trạch 3 and 4 gas-fired power plants.
The Thị Vải LNG warehouse is set to handle one million tonnes of LNG each year after the first phase, invested with some US$286 million, is completed in 2022. Its capacity will be raised to deal with three million tonnes of LNG annually in the second phase, which is expected to finish in 2023.
According to Deputy Director General of PetroVietnam Lê Mạnh Hùng the group is also directing its PV Power to implement the Nhơn Trạch 3 and 4 thermal power plants. Each of these plants will have a capacity of around 750 MW and be fuelled mainly with LNG provided by the Thị Vải LNG warehouse.
Covering about 34.5ha of land, the two factories are invested with over $1.4 billion. While Nhơn Trạch 3 will become operational in the fourth quarter of 2022, Nhơn Trạch 4 is hoped to be put into use in the fourth quarter of 2023.
The operations of the Thị Vải LNG warehouse and the two Nhơn Trạch power plants will help meet the growing gas and electricity demand in the southeastern region. VNS
