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USTDA Supports Historic LNG Development in Vietnam

Today the U.S. Trade and Development Agency finalized a grant agreement with Vietnam Electricity (EVN) to produce a feasibility study to assess the site selection and optimal design for a $1 billion liquefied natural gas (LNG) terminal and gas-to-power project in southern Vietnam. USTDA’s feasibility study will set the initial parameters for the growth of LNG in the nation and bring much-needed affordable and accessible power to Vietnam’s southern region, while also opening new opportunities for U.S. firms to supply gas infrastructure solutions. 

This project supports the Trump Administration’s Indo-Pacific vision and its AsiaEDGE initiative – Enhancing Development and Growth through Energy – in which USTDA and its interagency partners are promoting sustainable and secure energy markets throughout the Indo-Pacific region. The grant also supports USTDA’s Gas Infrastructure Exports Initiative, which is advancing gas infrastructure in partner countries by connecting project sponsors to cutting-edge U.S. technologies, equipment and long-term development.

The grant agreement was signed at EVN’s headquarters in Hanoi by Duong Quang Thanh, the Chairman for EVN, and U.S. Ambassador to Vietnam, Daniel Kritenbrink. EVN CEO, Tran Dinh Nhan, and USTDA Acting Deputy Director Todd Abrajano also participated in the ceremony, describing the scope and potential of this historic development.

“All over the world, great developments are realized through expert analysis, cooperative partnerships and cutting-edge industrial design,” said Abrajano. “Today’s grant signing represents both a strategic choice for EVN and USTDA to improve energy security in Vietnam, while enhancing U.S. exports throughout the entire supply chain of LNG.”

Mr. Thanh stated “USTDA’s technical assistance and US experience is supposed to help develop new power generation sources using LNG, while solving the issues of power shortage and imbalance of power supply and demand in Southern Vietnam in the coming periods.”

U.S. businesses interested in submitting proposals for the USTDA-funded feasibility study and technical assistance should visit the Federal Business Opportunities (FBO) website at www.fbo.gov. A link to the FBO announcement will be posted to USTDA’s website at https://www.ustda.gov/business-opportunities.

Source : U.S. Trade Development Agency

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