HANOI : Vietnam received its first shipment of liquefied natural gas this month, a milestone for the energy-hungry country, but various hurdles mean it could take years for imported gas to ease the country's long-running power shortages.Disagreement over pricing, plant construction delays and lack of supp
HANOI : Vietnam received its first shipment of liquefied natural gas this month, a milestone for the energy-hungry country, but various hurdles mean it could take years for imported gas to ease the country's long-running power shortages.
Failure to execute on its LNG plans would mark another blow to Hanoi's climate goals, which include imported and domestic gas as a transition fuel to reduce coal reliance. Vietnam targets LNG-sourced gas generating up to 22.4 gigawatts of power by 2030, enough to power 20 million households and account for nearly 15 per cent of national power supply. But Kaushal Ramesh, an analyst at Oslo-based Rystad Energy, said a realistic expectation was just 5 GW.
The local authority cited delays caused by lack of long-term contracts and problems over funding and permits. Disagreements over power pricing contributed to a slow uptake of the wind industry, leaving a significant share of wind farms unplugged from the grid for years and stranding at least 4.6 GW of onshore wind capacity, according to an internal document from a Group of Seven nation, seen by Reuters.
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