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PetroVietnam says Tokyo Gas may help with power plant project in Vietnam

PetroVietnam Building in Hanoi
PetroVietnam Building in Hanoi

Tokyo Gas is interested in cooperating with Vietnam’s PetroVietnam Power Corp, or PV Power, to develop a natural gas-fired power project in the Southeast Asian country, PV Power’s parent said on Friday.

Tokyo Gas wants to help secure long-term liquefied natural gas supplies and funds for the construction of the Nhon Trach 3 & 4 power plants in the southern province of Dong Nai, state-run Vietnam Oil and Gas Group said in a statement on its website.

It did not say if Tokyo Gas would hold a stake in the project.

Tokyo Gas did not immediately respond to a request for comment made via its website.

The statement follows a meeting between senior executives from PV Power and Tokyo Gas in Hanoi this week, PV Power said.

The two plants, with a combined capacity of 1,500 megawatts, would be operational from 2020, according to PV Power.