LNG Ltd and Delta Offshore agree deal for Vietnamese LNG-to-power project
LNGL said the agreement includes the delivery of 2m tonnes per year of LNG to Delta from the proposed Magnolia LNG project export terminal. This committed offtake puts the 8.8m tonnes per annum project in good stead to reach final investment decision
The integrated project, which includes the construction and operation of an LNG import terminal, 3,200-megawatt combined-cycle power plant and delivery of power generation to the Bac Lieu Province, is expected to begin operations in 2023 pending finalisation of anticipated government approvals