[Vietnam] Bac Lieu LNG to Power Plant

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escveritas
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[Vietnam] Bac Lieu LNG to Power Plant

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05 Feb 2020

The Bac Lieu Provincial People's Committee (PPC) has handed the Decision on investment policy of Bac Lieu liquefied natural gas (LNG) power project to Delta Offshore Energy Pte Ltd (DOE Singapore).

This project including a power plant LNG fired with a capacity of 3200 MW on an area of 40 ha in Vinh Hau A commune, Hoa Binh district, a LNG floating terminal and storage FSU or a LNG floating storage with a capacity of 150,000 – 174,000 cubic meters of LNG, a gas recycling station (FSRU) on the sea surface with an area of 100 ha and a high pressure gas pipeline with a length of 35 km has an estimate total investment level of 93,600 billion VND equivalent to US$ 4.0 billion. The project with 100% of foreign capital including 15% of equity and 85 % of loan has become a great FDI project in Mekong Delta so far.

The Investors and strategic partners committed and had determination to implement the project rightly in accordance with the National Power Planning VII (adjusted) additionally approved by the Prime Minister on December 19, 2019, as the following schedule:

The investors have 12 months from the date of receiving the Investment Registration Certificate (to the end of December 2020) to complete project development period – investment preparation and 36 months to construct the LNG terminal and storage, gas recycling station, gas pipeline and put into operation the first gas turbines with a total capacity of 750 MW at the end of 2023 and continuously to carry out construction to achieve the project total capacity as 3200 MW in operation before December of 2023.

If the above progress is achieved, this will be the first thermal power project in Vietnam to be implemented by a half time shorten compared to the previous thermal power projects, and become a model for investment in power development in Vietnam.

Therefore, Bac Lieu PPC asks the investors and partners to make the best effort to implement the commitment schedule mentioned above. The Bac Lieu PPC also desires the ministries and central agencies, to continuously support Bac Lieu and Bac Lieu provincial departments and branches to act closely with investors so as do not occur the delays in administrative procedures related to competence of the Vietnamese side, in order to promote the effectiveness of the project as a key one in creating a breakthrough for changing economic structure of the province in coming period, that the authorities and people of Bac Lieu Province have high expectations for.

In order to encourage investors to fulfill their commitments, the Bac Lieu PPC also allows them to enjoy the investment incentives and highest support, applicable to difficult economic sectors in accordance with the current regulations of Vietnamese laws.
escveritas
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Re: [Vietnam] Bac Lieu LNG to Power Plant

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McDermott Awarded FEED Contract by Delta Offshore Energy for Gas Pipeline in Vietnam

26 Aug 2020

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- Includes FEED and EPCI services for gas pipeline connecting an offshore LNG regasification platform to onshore 3,200-megawatt (MW) powerplant in Bac Lieu Province, Vietnam
- Leverages extensive experience in Vietnam and ability to provide turnkey EPCI solutions
- Builds on prior success, which started with project feasibility study and converted to FEED
HOUSTON, Aug. 26, 2020 /PRNewswire/ -- McDermott International Ltd. today announced it has been awarded a contract by Delta Offshore Energy to provide front-end engineering design (FEED) services for a subsea gas pipeline. The pipeline will connect a regassification platform, located approximately 22 miles (35 kilometers) offshore, to the planned 3,200 MW power plant in Bac Lieu Province, Vietnam.

McDermott has also been awarded the pre-engineering geotechnical and geophysical survey services being carried out as a part of the FEED scope.

McDermott's Houston office is leading engineering services—supported by its Kuala Lumpur office, which has a long track record of delivering solutions to customers in Vietnam. McDermott will perform project management, execution planning and estimation services. Installation studies will be performed by McDermott's marine operations.

"This award illustrates the confidence Delta Offshore Energy and its partners have in McDermott's ability to deliver a turn-key EPCI solution for the subsea gas pipeline FEED scope for its Sisyphus project," said Mark Coscio, Senior Vice President for North, Central and South America. "We look forward to expanding our partnership and achieving a successful outcome."

McDermott's extensive experience in Vietnam and recent work for Delta Offshore Energy were key factors for this contract win. McDermott has more than 20 years of experience working in Vietnam and will leverage its relationship with local partners to smoothly execute the scope. Three months prior to the award, McDermott commenced a project feasibility study for the project, which was converted into the FEED.

McDermott anticipates the FEED contract will be converted into an EPCI contract in the first quarter of 2021.
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