Gulf Group signs research agreement for LNG Ca Na gas power project

08:00 | 03/11/2019

Gulf Energy Development Group from Thailand has just signed a co-operation agreement with Ninh Thuan People's Committee on researching and proposing investment for LNG Ca Na gas power project.

gulf group signs research agreement for lng ca na gas power project
The signing of co-operation agreement is the next step of Gulf Group to realise the LNG Ca Na gas power project investment

At the 35th ASEAN Summit held in Bangkok, Thailand’s capital, under the witness of Prime Minister Nguyen Xuan Phuc, Gulf Energy Development Group signed a co-operation agreement with Ninh Thuan People's Committee on researching and investing in the LNG Ca Na gas power project.

Luu Xuan Vinh, Chairman of Ninh Thuan People's Committee, signed a co-operation agreement with Gulf Group. Under the agreement, the two sides agreed that the scope of co-operation includes the exchange of research results, experience in the supply of imported LNG and construction of gas power plants, information on financial capacity, and issues involved in the project of supplying liquefied natural gas (LNG) to Vietnam, investing in the construction of port infrastructure to import LNG and power plants running on natural gas.

The project aims to provide natural gas and electrical energy with modern technology, suitable prices for the Vietnamese market and provide natural gas to the whole region.

The project aims to provide natural gas and electricity with modern technology and suitable prices for the Vietnamese market and provide natural gas to the whole region.

During the trip to Thailand, Luu Xuan Vinh also attended a number of investment promotion programmes within the framework of the 35th ASEAN Summit, visiting several facilities and gas plants in Thailand.

Earlier, Gulf Energy Development Group expressed its desire to invest in Ca Ca LNG gas power project. Along with that, Gulf expects Ninh Thuan to agree on the policy, thence implementing the LNG warehouse project and the Ca Na LNG gas complex project with the scale of 6,000MW, including four mixed-cycle gas turbine plants, each with a capacity of 1,500MW. The project has an investment value of $7.8 billion and is expected to be invested under the BOT format.

Thanh Pham

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