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ECONOMYINDUSTRY

Vietnam LNG-to-Power Summit 2019: Seeking better source for power mix

Updated at Thursday, 19 Sep 2019, 09:39
The Hanoitimes - Experts at the event will provide an overview of Vietnam`s LNG sector with vision to 2035 and address challenges as well.
Vietnam’s fast-growing economy has posed increasing demand for power and liquefied natural gas (LNG) has appeared to be the most effective kind able to meet the higher need amid the government’s attempts to reduce fossil energy. 
 
Vietnam LNG-to-Power Summit 2019
Vietnam LNG-to-Power Summit 2019

Demand for LNG continues to be strong that will outpace domestic production from 2020 onwards. 
 
For that reason, Vietnam LNG-to-Power Summit 2019 takes place to address the need, vision, and challenges for LNG import and LNG-to-power utilization which have become the urgent task for Vietnam.
 
Held by China-based Neoventure Corporation – an independent investment advisory agency assisting international investors in identifying investment opportunities in emerging market, the two-day summit beginning on September 19 will attract investors, developers, suppliers, and contractors rushing into this market.
 
Vietnam LNG-to-Power Summit 2019. Photo: Neoventure/Mavis Feng
Vietnam LNG-to-Power Summit 2019 opens in Hanoi on September 19. Photo: Neoventure/Mavis Feng

Why is Vietnam LNG-to-power Summit meaningful?
 
To push forward the development of LNG-to-power, the government of Vietnam has issued a number of policies and launched a series of initiatives to increase the LNG utilization. 
 
Under the Vietnam Gas Industry Development Master Plan till 2035, the gas production volume across the country will increase from 10 billion cubic meter (cu.m) per year to 21 billion cu.m/year in the 2015 – 2035 period. 
 
To reach the goal, Vietnam will develop the LNG terminal systems and related facilities which will hit 3-4 LNG terminals with annual capacity of 1-3 million tons each depot for 2021-2025 and 5-6 LNG terminals of approximately 3 million tons/year each for 2026-2035.
 
With an aim to facilitate the cooperation between local and international stakeholders, Vietnam LNG-to-Power Summit 2019 with exhibition, conference, and project match-making forum will create a non-stop business matching platform for all industry players to share their knowledge and to expand business contacts in Vietnam’s rapidly-growing LNG sector.
 
Giovanni Bruni, Senior Solution Leader & Associate Partner, McKinsey & Company at the summit. Photo: Neoventure/Mavis Feng

Attending the summit will be speakers from the Vietnamese Ministry of Industry and Trade (MOIT), provinces of Ba Ria-Vung Tau and Binh Thuan, Vietnam Oil and Gas Group (PetroVietnam), Petrolimex Gas Corporation, Vietnam Gas Group, PetroVietnam Power Corporation (PV Power), and Vietnam Electricity (EVN).
 
The event will mark the participation of representatives from the US Trade and Development Agency (USTDA), World Bank Group, China National Petroleum Corporation Vietnam, ExxonMobil, France-based Total S.A, AES Holdings, McKinsey & Company, Shell Gas. 
 
The summit will also host representatives from Vietcombank, BIDV, Sumitomo Mitsui Banking Corporation (SMBC), HSBC, Societe Generale, AIIB, Deloitte Vietnam, KPMG, Novatek Gas & Power Asia, Tokyo Gas, Sembcorp, EDF Asia, JERA Energy, Lexcomm Vietnam, Gen X Energy, Gulf Energy Development, and Liquefi¬ed Natural Gas (LNG) Vietnam JSC. 
 
The speakers will provide (1) an overview on Vietnam’s LNG-to-power market and vision to 2035; (2) Gas distribution and LNG associated facilities establishment in Vietnam; (3) Getting right technology – maximum effi¬ciency and minimum cost; (4) Market trend analysis – import terminal development and LNG utilization; (5) Tackling challenges and exploring opportunities in the market; (6) Introduction of provincial investment attraction policies and project showcase; (7) Vietnam legal updates: What you must know before entering; (8) Financing the infrastructure and power project in Vietnam.
Linh Pham
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