He stressed the importance of addressing these issues to expedite Việt Nam's LNG development agenda in 2024, aligning with the government's Power Plan VIII objectives. Currently, 13 approved investment projects for LNG power plants are in progress, with five actively advancing, four looking for investors, and the remaining four under consideration by local authorities. Economists and industry insiders have long called for measures to address the country's infrastructure and policy-related issues to meet objectives set in the Power Plan VIII. Investors require well-thought-out plans for ports, liquefaction facilities, pipeline systems and gas power plants to assess their capital investments. A robust legal foundation is imperative to attract investments into LNG power projects.

Source: Viet Nam News January 25, 2024 08:25 UTC