Stena lends LNG hand to Vietnam
A subsidiary of Swedish shipbuilder Stena announced May 18 it landed a contract to use its LNG technology to support planned energy infrastructure in Vietnam.
For an undisclosed sum, the subsidiary, Stena Power & LNG Solutions, secured a contract from Delta Offshore Energy, a Singapore company focused on energy developments in Vietnam.
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Delta will use Stena’s jettyless floating terminal and regasification technology to help supply a planned 3,200MW power plant slated for Bac Lieu province in the Mekong Delta, Vietnam.
“Our jettyless LNG-to-power technology has been created to meet demand for more flexible LNG import and export terminals, such as is required for the...Bac Lieu LNG-to-power project,” Svein Hellesmark, the chief technology officer at the Stena subsidiary, said.
Vietnam expects demand for LNG in the country’s power sector to reach 8.5mn mt/year by 2030. At present, Vietnam does not import any LNG. The southeast Asian country is promoting gas-fired power as it moves away from coal- and oil-based options.
Bobby Quintos, the managing director at Delta, said Stena’s technology will be central components of the Bac Lieu project.
“They allow us to position the LNG receiving terminal offshore, and thereby to minimise the project’s impact on land and on the coastline of Bac Lieu,” he said. “This is a benefit of great value to the province because the coast sustains shrimp farms, mangroves and salt beds, all of which are important to the regional economy and environment.”
No timeline for completion was offered.