RSS

Vietnam meets an USD 20 billion energy super project from United States

Vietnam meets an USD 20 billion energy super project from United States - 

According to information from the Ministry of Industry and Trade, American multinational oil and gas corporation (Exxon Mobil) and PetroVietnam (PVN) are seeking a location with area of about 200ha for developing a 4000-5000MW power plant and a gas processing plant, among that, for the first phase, an area of 100ha will be used for 1500 MW power plant. Total investment of this super project estimates up to USD 20 billion.

One energy project of Exxon Mobil

In the next month, Exxon Mobil will submit related documents such as: gas reserve assessment, site selection, implementation plan ... to PVN and the Ministry of Industry and Trade. Currently, site survey and selection were expeditiously conducted by Exxon Mobil and Vietnamese relevant agencies.

In July, 2013, by the occasion of President Truong Tan Sang official visit to the United States , PetroVietnam signed a series of MoU with the U.S. partners in supporting trade and investment in the oil and gas sector. And only 7 months later, the site selection was conducted.

Vietnamenergy.vn

Leave your comment on this story