Kogas, EVC sign MOU for LNG project in Vietnam

Korea Gas Corp. (Kogas) and Energy Capital Vietnam (ECV) have entered into a memorandum of understanding for the development of a privately funded LNG regasification terminal, storage, gas supply system, and a 3,200-Mw gas-fired electric power project near Mui Ke Ga, Binh Thuan Province, Vietnam.

The MOU contemplates Kogas and ECV working together to optimize their efforts to meet the LNG demand growth forecasted for Vietnam. The scope of the MOU covers matters relating to cooperation and collaboration for the project.

ECV has let a contract to KBR to provide feasibility services and refine cost estimates for the project including detailed analysis of optimal design combinations. Completion of the study is expected in this year’s third quarter.