In the framework of his visit to Vietnam from November 20-22 to celebrate the 25th anniversary of US-Vietnam diplomatic relations, US National Security Advisor Robert C. O’Brien and President of the US Export-Import Bank Kimberly Reed witnessed the signing ceremony of LNG Long Son gas-fired power project between representatives of General Electric (GE), Power Generation Corporation 3 - Joint Stock Company (GENCO 3), Pacific Corporation, Company Power Engineering Consulting 2 (PECC2), Mitsubishi and Thanh Thanh Cong Investment Joint Stock Company (TTC).

According to information from the US Embassy in Vietnam, in this project, GE will provide equipment, services and contribute investment capital, with a total value of participation of 1 billion USD.

The project will provide 1,500 MW of clean and reliable electricity for Vietnam, enhance Vietnam’s energy security and support Vietnam’s economic development.

Long Son Gas Thermal Power Plant will be built in Long Son commune, Vung Tau city, Ba Ria - Vung Tau province with an area of ​​about 132ha and a total capacity of about 3,600MW.

According to the plan, the project will build on a 3-phase roadmap from 2019 to 2025, including: building a key LNG (liquefied natural gas) port with a capacity of 3.5 million tons / year and 3 factories The gas tubing has a capacity of 2x600MW; The project’s estimated capital is about 4.39 billion USD.

Previously, in the framework of the 2020 Indo-Pacific Business Forum taking place at the end of October, many large US corporations signed agreements to cooperate and develop liquefied natural gas energy projects. in Viet Nam.

Specifically, AES energy group signed an agreement with Petro Vietnam Gas to develop an LNG import plant worth $ 2.8 billion and a power plant in Vietnam.

Other major US corporations including Delta Offshore Energy, Bechtel Corporation, GE and McDermott signed agreements to develop power projects from liquefied gas in Bac Lieu with a total investment value of up to 4 billion USD.

The US Embassy in Vietnam assesses this as a typical model for the Vietnam-US bilateral relationship on trade, investment and energy security. It also opens new horizons for private sector investments in energy infrastructure in Vietnam.