JERA teams up with ExxonMobil for Vietnam LNG

JERA teams up with ExxonMobil for Vietnam LNG

Japan’s JERA, a 50-50 joint venture between Tokyo Electric Power Company and Chubu Electric Power, is partnering with ExxonMobil for a large LNG-to-power project in Vietnam.

JERA will partner with ExxonMobil (NYSE:XOM) to build a 4.5 GW power plant and liquefied natural gas (LNG) import facilities that can handle 6 million tonnes per year of LNG, reported Nikkei Asia.

“Work on the basic design will begin in March. A power plant will be built in the northern port city of Haiphong with a maximum output of 4.5 gigawatts, one of the largest outputs in Southeast Asia. It will first start operating on a 2 GW scale in 2026. LNG loading and unloading facilities, pipelines and tanks will also be constructed,” said the Nikkei.