According to the plan, the Long Son LNG gas thermal power project will provide 1,500 MW of clean and reliable electricity to Vietnam, enhance Vietnam's energy security and support Vietnam's economic development.

US National Security Advisor O'Brien witnessed the signing ceremony of the Long Son LNG power project between representatives of GE, EVNGENCO 3, Pacific Corporation, PECC 2, Mitsubishi and TTC

Within the framework of the visit to Vietnam from November 20-22 to celebrate the 25th anniversary of US-Vietnam diplomatic relations, US National Security Adviser Robert C. O'Brien and President of the US Export-Import Bank Kimberly Reed witnessed the signing ceremony of Long Son LNG power project between representatives of General Electric (GE), Power Generation Corporation 3 - Joint Stock Company (GENCO 3), Pacific Corporation, the Company. Power Construction Consulting Joint Stock Company 2 (PECC2), Mitsubishi and Thanh Thanh Cong Investment Joint Stock Company (TTC).

According to information from the US Embassy in Vietnam, in this project, GE will provide equipment, services and contribute investment capital, with a total value of 1 billion USD.

The project will provide 1,500 MW of clean and reliable electricity to Vietnam, enhance Vietnam's energy security and support Vietnam's economic development.

Long Son Gas Thermal Power Plant will be built in Long Son commune, Vung Tau city, Ba Ria - Vung Tau province with an area of ​​about 132ha and a total capacity of about 3,600MW.

According to the plan, the project will be built according to a 3-phase roadmap from 2019 to 2025, including: building a focal LNG (liquefied natural gas) port with a capacity of 3.5 million tons/year and 3 factories Gas turbines have a capacity of 2x600MW; Estimated capital of the project is about 4.39 billion USD

Previously, within the framework of the 2020 Indo-Pacific Business Forum held at the end of October, many large US corporations signed agreements on cooperation and development of liquefied natural gas energy projects. in Viet Nam.

Specifically, energy group AES signed an agreement with Petro Vietnam Gas to develop a $2.8 billion LNG import plant and a power plant in Vietnam.

Other large US corporations including Delta Offshore Energy, Bechtel Corporation, GE and McDermott signed an agreement to develop a liquefied gas power project in Bac Lieu with a total investment value of up to 4 billion USD. Vietnam considers this a typical model for the bilateral relationship between Vietnam and the US in terms of trade, investment and energy security. It also opens new horizons for private sector investments in energy infrastructure in Vietnam.

Source: Vietnam Finance.