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KOGAS and Energy Capital Vietnam sign MOU

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LNG Industry,

Korea Gas Corp. (KOGAS) has announced that it has entered into a memorandum of understanding (MOU) with Energy Capital Vietnam (ECV) regarding a Vietnamese LNG import terminal.

According to the statement, the MOU provides the framework for the development of a privately funded LNG regasification terminal, storage, gas supply system and 3200 MW gas-fired power project located near Mui Ke Ga, Binh Thuan Province, Vietnam.

Under the MOU, both parties will work together to meet the significant LNG demand growth forecasted for Vietnam. The scope of the MOU covers matters relating to cooperation and collaboration for the Project.

David Lewis, CEO of ECV, said: “This significant milestone culminates a year-long effort with KOGAS.

“We share similar strategic visions and ECV is proud to have a company as prestigious as KOGAS join a project of this importance. They have been steadfastly dedicated and reliable the entire time and we look forward to our long-term partnership together.”

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LNG import news