Son My LNG Terminal to Son My Electricity Center Gas Pipeline

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

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The Son My LNG Terminal to Son My Electricity Center Gas Pipeline is a proposed natural gas pipeline in Vietnam.

Location

The pipeline would run from the Son My LNG Terminal to the Son My Electricity Centre in Vietnam.

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Project Details

• Operator: PetroVietnam Gas, AES Corporation
• Owner: PetroVietnam Gas, AES Corporation
• Parent Company: PetroVietnam Gas, AES Corporation
• Capacity: 5-11 billion cubic meters per year (bcm/y)
• Length: 10 kilometers
• Diameter: 38-45 inches
• Status: Proposed
• Start year: 2026
• Cost:
• Financing:
• Associated Infrastructure:

Background

In September 2021, AES Corporation and PetroVietnam Gas JSC (PV Gas) signed a joint agreement for the Son My LNG Terminal, representing a total investment of about US$1.4 billion. The companies expect to reach financing of the project by 2022 and commercial operations by 2026.

In October 2020, the Export-Import Bank of the United States and the U.S. Development Finance Corporation presented the project sponsors with a Letter of Interest for a loan of US$3.2 billion to cover the construction costs of both the Son My LNG Terminal and the Son My II power station. Financial close for the project was foreseen for 2021, but in May 2022 it was reported that the project promoters were targeting financial close in 2023.

The Son My LNG Terminal project was granted Investment Approval by the Binh Thuan People’s Committee on July 11, 2023.