Vietnamese, US investors to cooperate in LNG project
T&T Group and its US partner Gen X Energy recently worked with leaders of the southern province of Ba Ria – Vung Tau to discuss investing in a liquefied natural gas (LNG) project worth nearly 6 billion USD in the locality.
Hanoi(VNA) - T&TGroup and its US partner Gen X Energy recently worked with leaders of thesouthern province of Ba Ria – Vung Tau to discuss investing in a liquefiednatural gas (LNG) project worth nearly 6 billion USD in the locality.
According to Gen X Energy, the 200ha Cai MepHa LNG Complex will consist of two specialised terminals able to harbor 100,000DWT ships, a LNG storehouse, and gasification and gas transportation systems.
The first phase of the project is expected tobecome operational by 2023, the second by 2026 and the last by 2030. The complex’scombined gasification capacity is aimed at 9 million tonnes per annum, withtotal LNG reserve capacity of 800,000 cu.m, and total power generation capacityof 6,000 MW.
Speaking at the working session, Secretary ofthe provincial Party Committee Nguyen Hong Linh praised the project for itsplanned use of advanced technology.
He said the large-scale project meets criteria for investment attraction of theprovince, adding that the local authorities will ask the Prime Minister toapprove it and will help T&T Group and Gen X Energy carry out the projectas soon as possible.
With 25 years of experience, T&T Group is a multi-industry company. It operatesin finance and investment, real estate, agriculture, forestry and aquaculture,transportation infrastructure, seaport and logistics, industry and trade,mineral, energy and environment, health care, education and sports.
Meanwhile, Gen X Energy, backed by BlackstoneEnergy Partners, is an energy company focused on investing in sustainableenergy projects in Asia. The company is seeking opportunities in developmentand acquisition in imported LNG as well as solar and wind energy, hydropowerplant and natural gas and coal projects.-VNA
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At the working session (Source: sggp.org.vn) 
