Delta managing director Ian Nguyen
Delta sees LNG-to-power back on track in Vietnam
The company remains bullish despite last year’s LNG sector upheaval
Delta Energy is a private sector company from Vietnam and is developing the country’s first independent LNG-to-power project at Bac Lieu, comprising a 3.2GW power station and associated regasification terminal. Managing director Ian Nguyen spoke to Petroleum Economist about the project, the impact of LNG market volatility and doing business in Vietnam. Nguyen confirmed the company still expects to break ground in 2024, “assuming we can sign the [power-purchase agreement: PPA] in 2023”. Work will start on both the LNG terminal, pipeline and power plant, with the first two to be commissioned before the first 800MW unit is operational. Delta expects that first 800MW block “to be operational in
Also in this section
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
28 April 2026
Datacentres will guzzle power at a ferocious rate, but the impact on wider energy markets will be far more complex than previously thought
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
