PetroVietnam, Exxon Mobil Sign $10b Gas Plant Development Pact


State-owned PetroVietnam and ExxonMobil sign agreements on project development and gas sales from Ca Voi Xanh (Blue Whale) gas field witnessed by Vietnam’s Deputy PM Vuong Dinh Hue, according to information from govt website.

Plant projected to pump first gas by end-2023

Gas to be used for electricity generation at 5 power plants with total capacity of 3,750MW in central region

Vietnam’s biggest gas project expected to contribute $20b to state budget

Source: Bloomberg

Photo: Exxon