Ho Chi Minh City, Vietnam
Three key hurdles for Vietnam’s LNG-to-power sector
Tariffs, location and bureaucracy are obstacles to be overcome to drive greater use of gas in Vietnam’s power sector
Vietnam is in the process of switching to gas from a heavy reliance on coal-fired generation, with as many as 18 gas-to-power projects and nine LNG terminals under development. Substituting coal will have a major impact on ESG and carbon savings, but LNG and gas-to-power developments still face obstacles in Vietnam, speakers told Petroleum Economist’s LNG to Power Forum Apac event in Singapore in mid-May. Vietnam needs to make progress on infrastructure projects—particularly grid upgrades and improvements— to enable these gas-to-power projects to succeed, says Gilles Pascual, Asean power and utilities leader at consultancy EY. Many Vietnamese LNG projects—and even some of the previous tranch
Also in this section
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
22 January 2026
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
21 January 2026
Petroleum Economist takes a look at the critical developments that look set to govern the course of the market for this year
20 January 2026
The ripple effects of US refiners switching to Venezuela grades will be felt from Canada to China and everywhere in between
