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January 2, 2026

LNG

Vietnam has inaugurated its first LNG power plants, Nhon Trach 3 and 4, in Dong Nai Province. Built by Petrovietnam at a cost of USD1.4 billion, the 1,624 MW twin plants will generate over nine billion kWh annually to stabilise the national grid, particularly in the south. Prime Minister Pham Minh Chinh stated the project is crucial for national energy security, supporting the country's rapidly growing demand from high-tech sectors.
Sempra has announced the $10 billion sale of a 45% stake in Sempra Infrastructure Partners to a KKR-led consortium and reached a final investment decision for Port Arthur LNG Phase 2, moves that bolster its transition towards a U.S. utility-focused growth strategy.

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