Dung Quat I, III Gas fired power investment decisions

Vietnam Deputy Prime Minister Trinh Dinh Dung has the Dung Quat I & III gas fired power investment Decisions No. 1461 & 1460 / QD-TTg dated 25 October 2019. Two gas power plants in Dung Quat EZ to input gas flow from the Blue Whale field.

Investor: Vietnam Electricity (EVN).

Capacity: 02 x 750 MW (natural gas-fired combined-cycle)

Total investment: 18.663,679 billion VND (Dung Quat gas fired power I). 17.58,76 billion VND (Dung Quat gas fired power III).

Start Construction: Dung Quat I (Jan 2021). Dung Quat III (Jan 2022).

Commercial Operation: Dung Quat I (Dec 2023) Dung Quat III (Dec 2024).

April 29, 2020

Saipem has completed 02 Blue Whale 's FEED packages and handed over to the operator for the next step, prepare and submit for approval of the Field Development Plan (FDP). The scopes of work that ExxonMobil and partners under Production Sharing Contract (PSC) including PVN and PVEP, have been performing for Blue Whale project, as follows:

1/ Geological & geophysical survey, onshore and offshore (done)

2/ Environmental impact assessment (ESHIA & EIA) (done)

3/ Clearance and site preparation for gas treatment plant (GTP), condensate storage (done)

4/ Adjustment progress, implementation plan (to update FDP), and investment milestone (done)

5/ Capital arrangement plan of ExxonMobil, PVN and PVEP in the project chain (being discussed)

6/ Government Guarantee Undertaking Agreement (GGU), and Gas Sale Agreement (GSA) with 3 power plant investors (11st negotiation)

7/ FEED design: Saipem (done)

8/ Article 6.2.9 of the PSC Contract on redetermination of pending period from November 30, 2017 to November 29, 2019 (waiting for approval)

9/ FDP: in 2020 (approval by MOIT)

10 / FID: in 2020 (or early 2021) approval by Viet Nam PM.

The bidding schedule for 2 international packages of EPC (onshore) and EPCIC (offshore) according to FEED design, will likely take place in parallel as tentative plan, as belows:

+ EPC/EPCIC ITB: June 2020

+ EPC/EPCIC Contract Awards: December 2020

+ EPC/EPCIC Performances: 2021 to June 2024

+ Commissioning: July to Oct 2024

+ Handover/commercial operation: November 2024

 

NEW FUNDING OPPORTUNITY FOR EXPORT PROMOTION IN VIETNAM

At a time when countries are looking at new trading opportunities to boost the economy and recover from the impact of the COVID-19 crisis, the EU is launching a new Call for Proposals in Vietnam to boost high quality exports to the EU. The call is open to all eligible not-for-profit organisations such as business associations, academic institutions, local authorities, non-governmental organisations and international organisations. Applicants are invited to compete under two different lots, namely “Promotion of environmentally and socially responsible practices among Vietnamese exporters” (Lot 1) and “Internationalization of Vietnamese SMEs” (Lot 2).

The total EU contribution for this call is €1.6 million. 

Check out documents and information at: https://webgate.ec.europa.eu/eur…/online-services/index.cfm….

The deadline for submission of concept notes is 01/06/2020.

 

2ND VIETNAM LNG-TO-POWER SUMMIT 2020

Date: 15-16 October 2020

Place: Ho Chi Minh City, Vietnam

Organized: Neoventure

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.