The first ignition milestone took place on January 11, according to a statement by PV Power. PV Power said this is the first time imported LNG has been introduced
PV Power said in the statement last week that the EPC contract is estimated to be over 95 percent complete.
The company noted that the first ignition is also a positive signal to help Nhon Trach 3 and Nhon Trach 4 plants go into commercial operation in 2025.
PV Power did not provide the timeline for the commercial launch of the plants in the new statement.
Deal with PV Gas
PV Power and PV Gas are still working to sign the final gas supply agreement for these plants.
The two firms are taking the final steps to sign the GSA, ensuring a long-term and stable gas source for future operations, PV Power said.
In November last year, PV Gas signed a contract with PV Power to supply the commissioning LNG cargo for the latter’s Nhon Trach 3 and Nhon Trach 4 power plants.
PV Gas launched its Thi Vai LNG terminal on October 29, 2023, after nearly 4 years of construction and commissioning.
This is Vietnam’s first LNG import terminal.
In July 2023, LNG giant Shell delivered the commissioning LNG cargo to the terminal from Indonesia’s Bontang LNG plant.
The Thi Vai LNG import facility consists of one 180,000-cbm LNG tank, a jetty, and regas area.
The terminal has a capacity of 1 mtpa in its first phase, but PV Gas plans to boost the capacity to 3 mtpa in the next stage.
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