South Korean Korea Gas Corporation (KOGAS) and Vietnam-focused project development and asset management company Energy Capital Vietnam (ECV) have concluded a memorandum of understanding (MOU) in order to cooperate on a new LNG regasification terminal.
The MOU will provide the framework for the development of a privately-funded LNG regasification terminal, storage, gas supply system and 3,200 MW gas-fired power project near Mui Ke Ga, Binh Thuan Province, Vietnam.
The two parties plan to work together to optimize their efforts to meet the significant LNG demand growth forecasted for Vietnam.
