Vietnam's Sovico signs LNG pact with Jera
Vietnamese investment group Sovico Corporation has signed a cooperation agreement with Japanese joint venture Jera to evaluate the potential of supplying LNG to power projects in Vietnam, it said on May 3.
Sovico and Jera, a joint venture between Japanese utilities Tepco and Chubu Electric, also intend to jointly develop a gas-based power plant project in the southeast Asian country.
The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business.
Jera in March established its Vietnamese subsidiary, Jera Energy Vietnam Co. The company will be responsible for furthering the LNG-to-power projects in the country that are now under consideration, as well as for exploring new projects, including those in renewable energy.
The southeast Asian nation is promoting gas-fired power as it moves away from coal and oil-based generation.