LNG power projects face multiple hurdles


Power struggles: Farmers work in a paddy field next to large electricity pylons on the outskirts of Hanoi. For approved investors, securing financing remains a major challenge. — AFP

HANOI: Liquefied natural gas (LNG) power projects in Vietnam are currently grappling with many obstacles, ranging from bureaucratic delays to issues with power purchase agreements (PPAs), leading to significant project implementation slowdowns.

The South-East Asian economy considers the development of LNG power a matter of national energy security.

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