AES and PV Gasoline obtain funding coverage approval for Son My LNG Terminal in Vietnam

The Son My LNG terminal challenge will likely be situated in Binh Thuan Province, within the South-Central area of Vietnam. The terminal can have an put in capability of 450 trillion Btu and is predicted to start industrial operations in 2027.

Joseph Uddo, President of AES Vietnam, mentioned: “The funding coverage approval for Son My LNG Terminal is a big milestone that permits us to maneuver ahead with the event of this important infrastructure challenge. With greater than 12 years of operation in Vietnam, AES is dedicated to accelerating the way forward for vitality by way of necessary initiatives like this. We’re happy to obtain approval from the Binh Thuan Individuals’s Committee and excited to accomplice with PV Gasoline on this strategic challenge that may contribute to Vietnam’s vitality transition and financial development.”

U.S. Ambassador to Vietnam, Marc E. Knapper, added: “The Son My challenge will carry vitality safety to Vietnam within the transition to cleaner sources of vitality. I’m blissful to see a world class US firm like AES as a accomplice of selection for PV Gasoline and the Authorities of Vietnam.”

The Son My LNG terminal challenge, along with AES’ 2.2 GW Son My 2 com-bined cycle fuel turbine (CCGT), represents a multibillion-dollar funding. Son My 2 CCGT, which acquired funding coverage approval earlier this yr, will carry protected and dependable vitality to energy the expansion of Vietnam whereas supporting the transition to cleaner and greener applied sciences.

Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/20072023/aes-and-pv-gas-receive-investment-policy-approval-for-son-my-lng-terminal-in-vietnam/