PetroVietnam Gas Corp. is proposing to add a floating storage and regasification unit (FSRU) to the country’s liquefied national gas (LNG) terminal system.
The proposed addition is part of its plan to provide stable and sustainable gas source solutions for power generation in Vietnam for the next five years.
During a meeting with Vietnam Electricity (EVN), PV Gas committed to increasing the regasification capacity of its Thi Vai LNG terminal from 5.7 million standard cubic meters per day to 7 million standard cubic meters per day starting in March 2025. This is envisaged to help EVN ensure reserve capacity in the upcoming dry seasons when the electricity demand is high.
The Vietnamese company also intends to deploy an FSRU at the Vung Tau port between 2026 and 2029. The FSRU is set to have a capacity between 135,000 and 174,000 standard cubic meters of LNG and a regasification capacity of up to 14 million standard cubic meters per day, bringing the system’s total regasification capacity to 22 million standard cubic meters per day.
PV Gas describes this as a strategic step, ensuring a stable and flexible LNG supply for the national power generation system during peak periods.
