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Vietnam bets big on LNG, South China Sea gas fields amid risks bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
LNG imports are projected to jump from zero now to volumes that would cover nearly 15% of the country's booming energy needs by the end of the decade, according to the government's adopted targets published on Tuesday. Locally produced gas would be given priority over LNG, the government said, with output expected to jump by about 65% to 15 gigawatts (GW) by 2030 - but its share in the country's power mix is set to drop to 10% from 13% in 2020. ....
HANOI: Vietnam's plan to quadruple by 2030 its gas processing capacity, turning it into its first source of energy, marks a big bet on imported liquefied natural gas (LNG) and its reserves in the South China Sea, despite supply and geopolitical risks. ....