rss icon Subscribe
desktop mobile

Partnership for Vietnam LNG-to-Power Project

Image: Total EP

Laxman Pai

Russia's largest private gas producer Novatek will work alongside French multinational integrated oil and gas company Total, state-controlled compatriot oil company Zarubezhneft and Germany's Siemens on Vietnamese LNG-to-power project.

The partners signed a Memorandum of Understanding (MOU) on cooperation in Vietnam.

The MOU envisages developing of an integrated energy-generating project with the use of liquefied natural gas (LNG) within the Socialist Republic of Vietnam.

"The Vietnamese market is of great interest to us as the country's economy and demand for electricity is forecasted to grow at a fast pace creating favorable conditions for gas-fired power generation and LNG supplies," noted Leonid Mikhelson, NOVATEK's Chairman of the Management Board.

"Many years of experience of Zarubezhneft in Vietnam will contribute to the successful implementation of our strategic plans in this prospective market," Leonid added.

Jun 10, 2019

 

People & Company News

Waterford’s Tugboat Roundup Celebrates 20 Years

IMG_2166.jpg

A modest event designed as a get-together for commercial workboat operators in upstate New York is

Baltic Index at 4-week Peak on Broad Support

AdobeStock / © Lucasz Z

The Baltic Exchange's main sea freight index rose to its highest in more than four weeks on

APC Announces Retirement of Harrington

Joseph F. Harrington (Photo: APC)

Advanced Polymer Coatings (APC) has announced the retirement of Joseph F. Harrington after 25

Energy

LNG Market Recovers in Q2, Says Flex LNG

Pic: Flex LNG

During the second quarter 2019, spot liquefied natural gas (LNG)  freight rates stabilized and

W African Firm Builds LNG Import Capacity

Pic courtesy: Equatorial Guinea LNG

Equatorial Guinea is set to construct the first liquefied natural gas (LNG) storage and

Marine Lubricants Market to Reach $7.15Bln by 2026

Pic: ExxonMobil

The Marine Lubricants Market, which was USD 6.14 Billion in 2018, is expected to grow CAGR of 1.

Maritime Apps