ExxonMobil signs Vietnam LNG-to-power MOU

ExxonMobil Hai Phong Energy Pte. Ltd. (EMPHE), Hai Phong People’s Committee, and Japan power generation company JERA Co. Inc. have signed a memorandum of understanding (MOU) to work together on an 1.6-Gw integrated LNG-to-power project in Hai Phong, Vietnam.

ExxonMobil has submitted a master plan application with a project concept for consideration and potential inclusion in Vietnam’s national power development plan (PDP). Hai Phong City has submitted a letter of recommendation to include power demand with potential locations of power plants and LNG import infrastructure. The project submissions are pending government approvals.

Project participants expect completion by 2026-27.

“Hai Phong is industrializing at a fast pace, with an annual growth rate of over 20%. Therefore, our annual power consumption is growing and is expected to double between 2020 and 2030,” said Nguyen Van Tung, Chairman, Hai Phong People's Committee. The MOU is in line with the Japan US Strategic Energy Partnership (JUSEP) to support energy access and investments for the sustainable economic development and energy security of Vietnam, JERA said.