HANOI (Reuters) – Vietnam’s port city of Haiphong said authorities had approved a $5.09 billion liquefied natural gas power and terminal project due to be developed by Exxon Mobil Corp
and to start power generation in 2026-27.
In a statement issued late on Thursday, the city’s People’s Committee said the power plant would have an initial capacity of 2.25 gigawatts (GW) and that would be expanded to 4.5 GW by 2029-2030.
It said the project would also include a terminal with a capacity of six million tonnes of LNG per year.
Exxon Mobil did not immediately respond to a request for comment.
In June, Vietnam’s government said it welcomed Exxon Mobil’s move to invest in the country following a phone call between Prime Minister Nguyen Xuan Phuc and Irtiza Sayyed, President of ExxonMobil LNG Market Development Inc.
The government said in a statement at the time that a power project