Today [May 22, 2019] the U.S. Trade and Development Agency finalized a grant agreement with Vietnam Electricity (EVN) to produce a feasibility study to assess the site selection and optimal design for a $1 billion liquefied natural gas (LNG) terminal and gas-to-power project in southern Vietnam. USTDA’s feasibility study will set the initial parameters for the growth of LNG in the nation and bring much-needed affordable and accessible power to Vietnam’s southern region, while also opening new opportunities for U.S. firms to supply gas infrastructure solutions.
This project supports the Trump Administration’s Indo-Pacific vision and its AsiaEDGE initiative – Enhancing Development and Growth through Energy – in which USTDA and its interagency partners are promoting sustainable and secure energy markets throughout the Indo-Pacific region. The grant also supports USTDA’s Gas Infrastructure Exports Initiative, which is advancing gas infrastructure in partner countries by connecting project sponsors to cutting-edge U.S. technologies, equipment and long-term development.
The grant agreement was signed at EVN’s headquarters in Hanoi by Duong Quang Thanh, the Chairman for EVN, and U.S. Ambassador to Vietnam, Daniel Kritenbrink. EVN CEO, Tran Dinh Nhan, and USTDA Acting Deputy Director Todd Abrajano also participated in the ceremony, describing the scope and potential of this historic development.Read More
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