LogIn LogOut

Delta Offshore Energy's Vietnam Project Gets Environmental Approval

September 8, 2021

Credit: Stena Power & LNG Solutions
Credit: Stena Power & LNG Solutions

Delta Offshore Energy said Tuesday it had secured the environmental approval for the LNG to Power Project, the 3.2 GW power plant, and LNG Terminal in Bac Lieu, Vietnam.

"Environmental Impact Assessment (EIA) is an extremely important key regulatory milestone towards the financial close and validates DOE commitment to the environment," the company said.

“A key driver to growth is Foreign Direct Investment and this project is a low hanging fruit for such disbursements. The EIA is a key step in unlocking this capital,” says Ian Nguyen,  Ian Nguyen, Co-Founder and Managing Director of DOE.

Vietnam is a developing economy that is undergoing the coal-to-gas conversion to enable the sustainable development of renewable energy and to follow the path of its Organization for Economic Co-operation and Development (OECD) nation peers, DOE said.

"The Bac Lieu LNG to Power (BLLP) project will help Vietnam’s energy transition from dirty coal to reduce harmful carbon emissions and pollutants, in line with its policy direction and alignment with international policy trends," the company added.

In September last year Delta Offshore Energy signed a technology license agreement with Stena Power & LNG Solution, under which Stena agreed to grant DOE a license to use its Jetty-Less LNG receiving and regas technology for the offshore LNG to power project.

DOE will employ Stena’s floating Jetty-Less Autonomous Transfer System (ATS) and Self-installing Regas Platform (SRP) solutions to provide energy to the 3200MW power plant project located at Bac Lieu province in the Mekong Delta, DOE said at the time





Current News

Thai Oil Firm PTT Expands Pharma Business with $475M Alvogen Deal

Thai Oil Firm PTT Expands Pharma Business with $475M Alvogen Deal

New Worley Chief Financial Officer Set to Assume Role Next Week

New Worley Chief Financial Officer Set to Assume Role Next Week

Australian Parliament Clears Way for Offshore Wind Farms

Australian Parliament Clears Way for Offshore Wind Farms

Brent Drops Under $80 as Investors Wary of New Variant, Q1 Surplus

Brent Drops Under $80 as Investors Wary of New Variant, Q1 Surplus

Keppel Nets $145,8M Orders for FPSO, FSRU Work

Keppel Nets $145,8M Orders for FPSO, FSRU Work

SHI Demos SENSE IV, Its Own Natural Gas Liquefaction Process

SHI Demos SENSE IV, Its Own Natural Gas Liquefaction Process

DeltaTek's Cementing Tech Saves Petronas Time and Cost Offshore Mexico

DeltaTek's Cementing Tech Saves Petronas Time and Cost Offshore Mexico
photo

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com