Page 11 - AsiaElec Week 03 2022
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AsiaElec LNG -TO -POWER AsiaElec
Work begins on Hai
Lang LNG-to-power
project in Vietnam
CHINA CONSTRUCTION has begun on the first phase Energy joined the consortium led by US-based
of the Hai Lang LNG-to-power project in Viet- Energy Capital Vietnam (ECV) in December
nam, according to a January 15 government to develop an LNG-to-power project in Mui Ke
announcement. Ga, Binh Thuan Province. And last week, Japan
The project is located in Quang Tri Province. Petroleum Exploration (Japex) announced
It will have a power generation capacity of 1.5 that it would participate in development of the
GW and will run on regasified LNG that will be Northern Vietnam LNG terminal. (See GLNG
imported via a receiving terminal with a capacity Week 02)
of 1.5mn tonnes per year (tpy). None of Vietnam’s new LNG projects are yet
The project developers are Vietnam’s T&T operational. The country is anticipated to begin
Group and South Korea’s Korea Southern importing LNG this year as it seeks to replace
Power (Kospo), Hanwha Energy and Korea coal-fired power generation with cleaner-burn-
Gas (Kogas). T&T will contribute 40% of the ing natural gas. Indeed, the Thi Vai LNG termi-
investment capital required for the project while nal in Ba Ria-Vung Tau Province was reported to
Hanwha, Kospo and Kogas will contribute 60% be close to completion at the end of 2021.
between them. Hai Lang is estimated to cost Vietnam has committed to phasing out coal
VND54bn ($2.4bn). and not building or investing in new coal power
The Vietnamese government approved con- capacity, and has also pledged to achieve net-
struction of the first phase of Hai Lang in Octo- zero greenhouse gas (GHG) emissions by 2050.
ber, and the project is expected to be ready by The country’s demand for electricity is forecast
2026-27. to rise by 10% per year in the coming years,
This is not the only LNG project being devel- while its LNG imports are projected to expand
oped with the help of foreign investors, including to 10mn tonnes by 2030 and 15mn tonnes by
other Asian companies, in Vietnam. Thailand’s 2035 as it seeks to replace demand for coal with
B.Grimm Power and German-based Siemens gas and other energy sources.
Elixir Energy teams up with
Mongolia Green Finance for
green hydrogen
ELIXIR Energy Ltd (ASX:EXR) has achieved consultants, with viable water sources identified
progress on multiple fronts at its Mongolia-based for the project.
Gobi H2 green hydrogen project, including the Elixir has also reported provided the Ministry
signing of a memorandum of understanding of Energy with a full analysis of legal concerns
(MoU) to support project finance, according to that could surround a potential green hydrogen
Proactive. project in Mongolia, with the assessment con-
The company has signed an agreement with cluding that no new substantial legislation is
the Mongolia Green Finance Corporate joint required for the development of green hydrogen
public and private sector body, the media outlet projects in the country.
reported, adding that it has hired specialist water
Week 03 19•January•2022 www. NEWSBASE .com P11
