Vietnam Eyes More Coal Power Amid Iran War's LNG Delays

MGR Online•International•20d ago

Reader Briefing

Vietnam is exploring the construction of additional coal-fired power plants as the Iran conflict complicates its delayed liquefied natural gas (LNG) power plant development.

•Vietnam is considering building more coal power plants due to concerns over LNG supply security.
•The Iran conflict has further delayed Vietnam's planned liquefied natural gas (LNG) power projects.
•Vietnam aims to meet its growing energy demands by potentially increasing coal's share in its energy mix.
•Current targets for LNG power capacity are significantly behind schedule, with regulatory hurdles and investor disinterest cited as reasons.

Overview

•Vietnam's government is considering building more coal power plants to ensure energy demand can be met.
•The conflict in the Middle East has impacted the security of LNG supply, necessitating energy security reinforcement.
•Vietnam is reviewing its national energy plan to potentially incorporate more coal-fired power generation.
•Vietnam's economy is growing rapidly, requiring increased power generation capacity.
•Vietnam aims for 22.5 GW of LNG power capacity by 2030 but has only achieved 7.3% of this target.
•Under current plans, coal power is set to constitute 13.1%-16.9% of the energy mix by 2030.
•In the first half of this year, coal power accounted for 54.5% of Vietnam's total electricity output.

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Key Quotes

Vietnamese Government

"Recently, conflicts in the Middle East have affected the security of LNG supplies, necessitating the strengthening of energy security."

ในช่วงที่ผ่านมา ความขัดแย้งที่เกิดขึ้นในตะวันออกกลางส่งผลกระทบต่อความมั่นคงของแหล่งก๊าซธรรมชาติเหลว (LNG) ทำให้จำเป็นต้องเสริมสร้างความมั่นคงด้านพลังงาน

Key Entities

Place

Vietnam(เวียดนาม)ℹ️

A Southeast Asian country experiencing rapid economic growth and facing energy security challenges.

Policy

Coal Power Plant(โรงไฟฟ้าถ่านหิน)

A type of energy generation facility being considered for expansion by Vietnam to meet energy demands.

Liquefied Natural Gas (LNG) Power Plant(โรงไฟฟ้าจากก๊าซธรรมชาติเหลว (LNG))

Energy infrastructure projects in Vietnam that are facing delays and complexities due to global events and domestic issues.

Liquefied Natural Gas (LNG)(ก๊าซธรรมชาติเหลว (LNG))

A crucial energy source for Vietnam's planned power generation, its supply security is currently under scrutiny.

National Energy Plan(แผนพลังงานแห่งชาติ)

Vietnam's strategic document for energy development, which is being reviewed to potentially increase the role of coal.

Organization

Electricity of Vietnam (EVN)(การไฟฟ้าเวียดนาม (EVN))

The state-owned power company of Vietnam, providing data on the country's electricity output.