LNG to Power projects as a way to increase electricity generation are growing in consideration.
LNG is seen by many as an ideal way to meet the ever-increasing demands for greater energy supply and reducing energy poverty, particularly in parts of the developing world, while still addressing the concerns of climate change.
WFW combines significant experience in natural resources, maritime/asset finance infrastructure, power, construction and project finance to deliver a thorough and comprehensive service.
LNG to Power Webinar Series
In our series of webinars and articles, we look at all aspects of LNG to Power projects.
The Risk Matrix Mitigated
Whilst LNG-to-Power projects focus on the last third of the LNG value chain, i.e. the supply of LNG to market, the overall LNG value chain comprises an ever-growing number of multiple projects with a variety of sponsors, lenders, governments, contractors and other participants.
With growing numbers of participants, complexity is likely to increase further and a good understanding of the ‘full picture’ of project-on-project risks that are created along the LNG value chain and that will affect LNG-to-Power projects at the end of that chain is paramount.
The Vietnamese Market
Vietnam remains one of the world’s most attractive emerging markets in the near term as rapid growth in manufacturing exports and domestic consumer expenditure continue to drive the economy.
Vietnam’s economic growth potential implies significant investments in the power and fuel sectors, and it is anticipated that LNG will form a significant component of this.
Vietnam has established a legislative and contractual framework pursuant to which it has successfully procured fuel and power generation, evolving from state owned entities to Independent Power Projects, and there is currently a mix of publicly and privately operated generation. The existing structures can form the basis for the development of successful LNG projects in Vietnam.