Chan May LNG Terminal

This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.

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Chan May LNG Terminal was a proposed liquefied natural gas (LNG) import terminal in Vietnam. There have been no updates in over four years and the project is presumed to be cancelled as of July 2024.

Location

The terminal is proposed to be located in Chan May, Vietnam.

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Project details

• Owner: Chan May LNG
• Parent company: Chan May LNG
• Location: Chan May, Vietnam
• Coordinates: 16.332683, 108.020046 (estimate)
• Type: Import
• Capacity:
• Status: Cancelled
• Start year: 2024

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

Chan May LNG, a U.S.-Vietnamese joint venture, plans to invest up to $6 billion in a power project in Vietnam as it seeks to cash in on the Southeast Asian country’s rising demand for electricity. Along with the LNG terminal, the project in Thua Thien Hue province will include a 4-gigawatt power plant and LNG storage facilities. Construction of the power plant is scheduled to begin in 2021, so that the first phase of 2.4 GW will be operational from 2024 and the entire plant from 2027. Chan May LNG, which is 60% owned by U.S. investors and 40% by Vietnamese investors, said a number of institutions had shown interest in financing the projects, including U.S. Exim Bank, the U.S. International Development Finance Corp. and the International Finance Corp.

The project received significant opposition from a group of 26 climate organizations. The LNG thermal power station associated with the terminal is not listed in the Power Development Plan 8.

As of July 2024, there have been no project updates in over four years, and the project is presumed to be cancelled.