Singapore — Vietnamese oil company nhì Linh teo Ltd has completed construction of its LNG terminal in the southern province of tía Ria-Vung Tau và a chạy thử run was expected by the kết thúc of 2020, a source with knowledge of the matter told S&P Global Platts.

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Hai Linh"s LNG terminal is on track to become Vietnam"s first LNG regasification project when it starts operations in 2021, outpacing state-owned PV Gas"s Thi Vai terminal that will start up in 2022 in the same province.

They will make Vietnam the next Asian country to lớn join the LNG importers" club, after Myanmar started deliveries in June. Other LNG importers in Southeast Asia are đất nước thái lan and Singapore; Malaysia, Indonesia và Brunei are mainly exporters although Malaysia also imports LNG, and Philippines is planning its first terminal.

It was not clear how long nhì Linh"s kiểm tra run will take but the project was expected khổng lồ be put into operation in 2021, the source said. The terminal is expected to have an initial capacity of 2 million–3 million mt/year, with the potential to expand to lớn 6 million mt/year.

Hai Linh will supply natural gas to lớn its Hiep Phuoc thermal power nguồn plant in Ho đưa ra Minh City. It is also in talks lớn supply gas to state-owned power nguồn producer Vietnam Electricity, or EVN"s power plants.

LNG terminals can take several months khổng lồ start operations as they have lớn finalize commercial supply agreements with downstream consumers, và operational pipeline and shipping infrastructure.

Hai Linh has not finalized major issues like gas supply và selling price with EVN, the source said, adding nhị Linh was still negotiating LNG purchase contracts và preferred LNG producers instead of intermediaries like traders.

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Vietnam"s government approved the addition of the nhì Linh LNG project khổng lồ its gas industry master plan in May 2018, khổng lồ supply nguồn plants và industrial customers in the southern region.

Hai Linh had awarded construction firm Lilama 18 a contract to lớn build three LNG storage tanks with total capacity of 219,000 cubic meters at Cai Mep Industrial Park.

Hai Linh imports oil products and operates product storage capacity near its LNG terminal, & was awarded a project lớn build a 10 km gas pipeline and gas distribution center in the port thành phố of Phu My city in February 2020.

Its 375-MW Hiep Phuoc power nguồn plant is connected to lớn a natural gas pipeline from the Nam nhỏ Son basin lớn Ho đưa ra Minh City. There are plans khổng lồ expand it khổng lồ 1,200 MW with LNG feedstock.

Hai Linh"s liên hệ information was not publicly available.

PV Gas, the natural gas arm of national oil company PetroVietnam, began construction of its Thi Vai LNG terminal in the same province in October 2019. It plans lớn have 1 million mt/year capacity under its first phase ready in 2022 & previously expected to be Vietnam"s first LNG terminal.

Like most Asian countries, Vietnam"s domestic gas production is in sharp decline, necessitating the import of LNG to lớn feed growth in power nguồn generation capacity from less than 50 GW currently lớn around 130 GW by 2030.