General – LNG
A subsidiary of Swedish shipbuilder Stena announced May 18 it landed a contract to use its LNG technology to support planned energy infrastructure in Vietnam.
For an undisclosed sum, the subsidiary, Stena Power & LNG Solutions, secured a contract from Delta Offshore Energy, a Singapore company focused on energy developments in Vietnam.
Delta will use Stena’s jettyless floating terminal and regasification technology to help supply a planned 3,200MW power plant slated for Bac Lieu province in the Mekong Delta, Vietnam.
Vietnam expects demand for LNG in the country’s power sector to reach 8.5mn mt/year by 2030. At present, Vietnam does not import any LNG. The southeast Asian country is promoting gas-fired power as it moves away from coal- and oil-based options.