TOKYO -- A venture between two major Japanese power utilities will participate in building one of Southeast Asia's largest natural gas-fired power plant and LNG offloading facilities in Vietnam.
JERA, a 50-50 joint venture between Tokyo Electric Power Company and Chubu Electric Power, will build the facility and be responsible for the liquefied natural gas supply, which will be redirected to Japan in case of a shortage. Access to the fuel is becoming increasingly uncertain due to Russia's invasion of Ukraine and other factors. By having a hub in Asia, the partners aim to ensure a stable supply.
