HANOI -- Liquefied natural gas is entering the spotlight in Vietnam as the country tries to wean itself off carbon-intensive coal, keeping pace with a growing regional trend that could be tripped up by intensifying competition for the fuel.
Samsung C&T and Vietnamese construction company Lilama announced in March a $940 million engineering, procurement and construction contract for what is expected to be the country's first LNG-fueled power plant. The 1,500-megawatt facility will be operated by PetroVietnam Power, a unit of state-run Vietnam Oil and Gas Group, and is slated to come online in 2024 or 2025.
