Discussing with Mr. Brendan Augustion, EVN’s General Director stated that currently, commercial power output in Vietnam has grown about 10% per year. In order to meet the power demand, Vietnam needed a new source of 5,000MW to be put into operation each year.
In this context, Vietnam’s orientation is to develop projects of LNG (liquefied natural gas) power plant and seek more fuel gas for the existing gas-fired power plants as well.
In the Southern region, where the on-site power supply is inadequate, gas demand becomes more urgent. In 2019, EVN assigned Power Generation Corporation 3 to seek and import LNG sources to serve the production and operation requirement of the Group’s power plants.
Mr. Tran Dinh Nhan emphasized that the current period was an appropriate time for EVN and Woodside to promote their cooperation in the field of LNG commerce.
EVN’s General Director Tran Dinh Nhan (right) receiving Mr. Brendan Augustion, External affair Director of Woodside Group
Mr. Brendan Augustion, External affair Director of Woodside Group expressed consent with the sharing by the General Director and also affirmed that Woodside was looking for a long-term partner in Vietnam market. Additionally, Woodside also would like to seek strategic cooperation for investing in developing energy infrastructure, creating LNG ecosystems in Vietnam such as: Building LNG import ports, transporting vessels, storage, gas pipeline systems, and participating in building LNG power plants, etc.
At the working session, the two sides also spent a lot of time to discuss in detail the situation of the world LNG market, the operational mechanism of Vietnam electricity market, the development strategies of the two groups, as well as assessed on their opportunities to cooperate in the future.
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Woodside Group:
• Established in 1954.
• Being the largest gas producer in Australia.
• Supplying about 6% of LNG output in the global market.
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