Hanoi. Vietnam’s rapid growth means accelerating energy demand
Power pricing threatens Vietnam’s gas plans
The country’s drive to adopt LNG and gas could be imperilled as the state electricity company haemorrhages money
Vietnam is making headway in developing a fleet of LNG-fired power stations that will be fed by the country’s first regasification terminal, which launched last year. But ensuring they will be able to operate commercially will first require Hanoi to overcome its reluctance to raise electricity tariffs. In mid-December, a joint venture comprising local developer Truong Thanh Viet Nam Group, the international arm of Japanese utility Kyushu Electric Power, and Tokyo Gas—Japan’s biggest city gas provider—received an investment licence from the Vietnamese government to develop a $1.99b LNG-to-power project in the northern province of Thai Bin. The project will have a capacity of 1.5GW, according
Also in this section
16 April 2026
Demand for oil is falling because supply cannot meet it, not because it is no longer required
16 April 2026
The continent has an immediate opportunity to make the most of its energy resources by capturing gas that is currently slipping away
15 April 2026
The continent is seeing political pushback to climate plans, corporate reassessment of transition goals and rising supply risk in a fractured global order
15 April 2026
The Middle East energy crisis may turn out to be pivotal to the industry’s long-term expansion, but significant challenges still stand in its way
