Petrovietnam to Build Offshore Gas Processing Plant

Petrovietnam is planning to build an offshore natural gas processing plant and two 700MW plants in central Quang Nam and neighbouring Quang Ngai provinces.

Total investment in the project is expected to be $3.8 billion, Vietnam News, a local English daily, reported Tuesday.

The plant will receive 10 billion cubic metres of natural gas from the Ca Voi Xanh (Blue Whale) offshore natural gas field, 100km off Quang Nam province, annually.

Work on the plant is likely to commence in 2017 and operations are expected to start in 2023, the newspaper said.

ExxonMobil and PetroVietnam are looking into feasibility to develop the gas field.

The deal regarding the offshore plant and poer plants is expected to be inked next year, Vietnam News reported.