After a stretch of investing in solar and wind power, Vietnam is turning its focus to liquefied natural gas. Though LNG can be more capable than other fossil fuels in terms of reliability and CO2 reduction, these advantages depend on related technologies.
GE’s two world records—for LNG power plants with the highest efficiency—are drawing the interest of LNG projects in Vietnam. GE’s proven H-class turbines are a complementary pairing for alternative fuels like LNG, able to efficiently supplement grid renewables and cut greenhouse gases.
planned LNG projects in Asia-Pacific
projected demand for LNG-integrated plant efficiency
output of planned projects by 2025, with 84 GW by 2035
Vietnam’s electricity industry has never seen a wave of investors expressing their interest as huge as the current one, that—with the accompanying diplomatic pressure—remains unprecedented in the country’s history.
Sourced from a report by the Institute for Energy Economics and Financial Analysis (IEEFA)
Interest in LNG projects is growing internationally, and Vietnam is no exception. With its clear potential, the IEA expects Asia-Pacific to see many “breakthroughs in the development of LNG power plants in the next decade.” And according to a prediction from PetroVietnam, the national coastline will be populated with an identical set-up: one power plant, one LNG import, and a gas refinery warehouse.
LNG is possessed of a lower carbon profile than other fossil fuels—almost half compared to lignite—but it still depends on innovative technologies to realize full efficiency. GE’s 9HA flexible turbines are such an innovation, able to support alternative fuels for clean, stable energy. The newest generation of GE turbines offers markedly low CapEx, easy fuel conversion, and long engine life.
Global CO2 emissions are still increasing, but with renewables being temperamental based on weather, the rapid rise of LNG thermal power plants will be a main source adding to Vietnam’s grid and powering public demand. Inasmuch, GE’s 9HA units mitigate greenhouse gases—a key factor in the energy sector meeting regulations.
While red tape, import concerns, and PPA negotiations slow the integration of LNG into the country’s thermal plants, this alternative fuel has irrefutable potential. Paired with the right turbines, liquefied natural gas is expected to lead the way for Vietnam’s energy structure, meeting a large portion of its capacity by 2030.