Date: 15-16 October 2020
Place: Ho Chi Minh City, Vietnam
The master plan for the gas industry until 2035 was issued by Vietnam’ s Prime Minister under Decision 60/QD-TTg dated 16 January 2017 (the Gas Master Plan). According to the master plan, the import of LNG will be started by 2021 and import demand will be increased to around 5 million tons of LNG by 2025, 10 million tons by 2030, 15 million tons by 2035 (accounting for about 1.6% of total world LNG imports)
To achieve this target, Vietnam will reinforce the development of LNG terminal systems and related facilities mainly located in Southern Vietnam. Meanwhile, research and investigation will be carried out in the North and Central Vietnam for future needs of LNG.
According to the National Steering Committee for Electricity Development, by 2030, the capacity of new power plants using liqueﬁed natural gas (LNG) will be 12,750 MW, excluding old power plants converted to use LNG. At the turning point of energy transition, Vietnam will be one of the countries that import LNG to substitute declining domestic gas production.