en.Wedoany.com Reported - Russia's Novatek recently held talks with Vietnam Electricity (EVN) on cooperation in LNG-fired power generation. The discussions focused on LNG supply, receiving terminals and regasification infrastructure, and power plant development.
On May 25, EVN Deputy General Director Nguyen Tai Anh met with a Novatek delegation in Hanoi, led by Deputy Chairman of the Management Board and Director of Prospective Projects Sergey G. Soloviev. Novatek expressed its intention to participate in the Vietnamese energy market, focusing on an integrated LNG-to-power chain covering fuel supply, receiving terminals and regasification infrastructure, and power generation projects. On the EVN side, Nguyen Tai Anh presented the revised Power Development Plan VIII (PDP8), under which LNG-fired power is identified as a crucial source in Vietnam's energy transition process.
EVN stated that LNG power projects require coordinated development of LNG receiving terminals, storage and regasification facilities, grid connection, and site-specific implementation conditions. For the northern region of Vietnam, LNG infrastructure planning should consider geological conditions, port infrastructure, potential LNG receiving hubs, and gas supply schemes for future power clusters. The two sides discussed international LNG development experience, gas-to-power value chain models, and technical requirements for power projects. Novatek indicated its readiness to continue discussions with EVN and other relevant parties on technical solutions, cooperation models, and participation in energy projects aligned with Vietnam's development strategy.
On May 26, Novatek representatives also met with Vietnam's Ministry of Industry and Trade (MOIT). Deputy Minister Nguyen Hoang Long held talks with the Russian delegation, joined by the Electricity Regulatory Authority, the Oil, Gas and Coal Department, the Foreign Market Development Department, and Vice Chairman of Khanh Hoa Provincial People's Committee Trinh Minh Hoang. MOIT noted that prior to this meeting, Novatek had already engaged in cooperation discussions with EVN and Petrovietnam on LNG development, the gas-to-power value chain, and technical requirements for gas-fired power projects, against the backdrop of Vietnam's power system needing greater flexibility, stability, and load response capability. Nguyen Hoang Long welcomed Novatek's interest in Vietnam's energy sector and stated that MOIT is prepared to provide support as Novatek explores investment and business cooperation opportunities and establishes connections with Vietnamese partners.
Vietnam's revised PDP8 includes gas-fired power projects in Hai Phong, Thanh Hoa, Khanh Hoa, Ninh Thuan, and Ho Chi Minh City. Novatek is a Russian natural gas and liquid hydrocarbons company founded in 1994, with operations spanning exploration, production, processing, and sales. It entered the global LNG market in 2017 with the launch of the Yamal LNG project. EVN is a state-owned power utility in Vietnam.
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