Page 9 - AsiaElec Week 09 2022
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AsiaElec LNG -TO -POWER AsiaElec
JERA to pursue LNG-to-
power in Vietnam
VIETNAM
JAPAN’S JERA announced on March 1 that it supplying LNG – potentially redirecting it from
had kicked off full-scale operations in Vietnam. Japan in the event of a shortage.
The company – a 50:50 joint venture between The investment ratio and other details of the
utilities Tokyo Electric Power Co. (TEPCO) and project are still being worked out, according to
Chubu Electric Power – intends to pursue LNG- Nikkei Asia, but the newspaper added that it is
to-power projects through its new Vietnamese anticipated to cost billions of dollars. Work on
unit. the facility’s basic design is expected to begin in
JERA said it had “positioned Vietnam as March.
a priority country” and was “considering the JERA is launching its Vietnamese operations
development of several LNG-to-power projects as Japan – the world’s largest importer of LNG
that will contribute to both decarbonisation and until it was edged out by China last year – tries
to a stable supply of energy that supports eco- to make inroads into emerging Asian markets
nomic growth”. The company’s JERA Energy for the super-chilled fuel. According to JERA’s
Vietnam subsidiary has established Hanoi as its statement, it will also explore renewable invest-
operational base in the country. ment opportunities in Vietnam as it advances
The announcement from JERA comes days its LNG-to-power business there and explores
after media reported that it was partnering other opportunities for collaboration with local
with ExxonMobil on a Vietnamese LNG-to- companies.
power project. Nikkei Asia said on January 27 Vietnam, for its part, is increasingly focused
that the project would entail 6mn tonne per on LNG-to-power as part of its energy transi-
year (tpy) LNG import terminal and a 4.5-GW tion. The country has several LNG-to-power
power plant in the northern Vietnamese city of projects at various stages of development and is
Haiphong. According to the newspaper, JERA aiming to begin LNG imports this year.
will be responsible for building the facility and
Week 09 02•March•2022 www. NEWSBASE .com P9
