Petrovietnam Urges General Electric for Swift Progress in Vietnam's LNG-to-Power Project
Key Ideas
- Petrovietnam is pushing for accelerated development of Vietnam's first LNG-to-power plants, Nhon Trach 3 and Nhon Trach 4, through collaboration with General Electric.
- The $1.4 billion project, set to be operational in 2025, involves Petrovietnam subsidiaries PV Power and PV Gas, with General Electric providing essential equipment and maintenance services.
- Petrovietnam sees potential for further cooperation with GE in various sectors, including power generation, digitalization, offshore wind power, nuclear power, hydrogen power, and carbon capture-storage.
- The partnership aligns with Petrovietnam's strategic growth plans, emphasizing a commitment to advancing energy infrastructure and sustainability in Vietnam.
Petrovietnam has urged General Electric to expedite the progress of Vietnam's landmark LNG-to-power project, the Nhon Trach 3 and Nhon Trach 4 complex. With a focus on digitalization solutions for the electricity and oil-gas sectors, the collaboration aims to enhance operational efficiency. PV Power, a Petrovietnam subsidiary, is leading the $1.4 billion initiative, with plans to commence operations in 2025. General Electric's involvement includes supplying critical equipment like gas turbines and transformers, as well as a long-term maintenance agreement signed in 2022. Chairman Le Manh Hung highlighted the potential for expanded cooperation beyond power generation, including ventures into hydrogen power and carbon capture-storage. The partnership reflects Petrovietnam's strategic vision for diversified energy sources and sustainable development in Vietnam, showcasing a positive outlook towards future advancements in the energy sector.