S&P Global Offerings
Featured Topics
Featured Products
Events
S&P Global Offerings
Featured Topics
Featured Products
Events
S&P Global Offerings
Featured Topics
Featured Products
Events
Solutions
Capabilities
Delivery Platforms
News & Research
Our Methodology
Methodology & Participation
Reference Tools
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Featured Events
S&P Global
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
S&P Global Offerings
S&P Global
Research & Insights
S&P Global
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
About Commodity Insights
Solutions
Capabilities
Delivery Platforms
News & Research
Our Methodology
Methodology & Participation
Reference Tools
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Featured Events
S&P Global
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
S&P Global Offerings
S&P Global
Research & Insights
S&P Global
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
About Commodity Insights
S&P Global Offerings
Featured Topics
Featured Products
Events
Support
05 Aug 2024 | 09:47 UTC
Highlights
Second company in Vietnam authorized to import LNG
No LNG tender issued to date
The Vietnamese government has granted Hai Linh Co. Ltd. the license to import and export LNG, making it the second company or the first private firm in the country to trade LNG, according to documents seen by S&P Global Commodity Insights Aug. 5.
Last year, the Ministry of Trade and Industry of Vietnam issued the first LNG import and export license to PetroVietnam Gas, the country's state-owned oil and gas company.
On May 8, Hai Linh announced the targeted operating start date of the Cai Mep LNG terminal in September 2024, together with Singapore-headquartered Atlantic, Gulf and Pacific LNG, or AG&P LNG, a subsidiary of Nebula LNG, at the Cai Mep LNG Terminal Commissioning Symposium.
The Cai Mep LNG Terminal in Vietnam's southern province of Ba Ria-Vung Tau will provide integrated LNG supply solutions through AG&P LNG and Hai Linh's downstream joint venture -- Vietfirst Gas, which had secured a 1 million mt/year LNG offtake agreement with HPP power plant and another agreement with one of the demand aggregators in Vietnam.
The market was expecting a tender from Hai Linh, following an expression of interest issued in May for a commissioning LNG cargo to the terminal. The company has not issued any LNG tender to date, market sources said.
Platts on Aug. 2 assessed the September JKM at $12.915/MMBtu and the September Southeast Asia Marker -- reflecting the value of cargoes delivered into Southeast Asia -- at 27.7 cents/MMBtu discount to the September JKM, Commodity Insights data showed.