On October 28, 2020, JERA announced that it has signed a Memorandum of Understanding (MOU) with ExxonMobil Hai Phong Energy (EMPHE, Headquarters: Texas, the United States), and the People’s Committee of Hai Phong City, Vietnam to jointly work on an Integrated Liquefied Natural Gas (LNG) to Power Project. The project aims to establish an LNG value chain that consists of an LNG import terminal and an LNG-fired power plant in Hai Phong City, Vietnam. JERA is one of Japan’s major energy companies and was established through a joint venture between Tokyo Electric Power Fuel & Power (Headquarters: Tokyo) and Chubu Electric Power (Headquarters: Nagoya City, Aichi Prefecture).
Hai Phong City is the largest port city in northern Vietnam. The city has seen fast economic growth over the years and its annual power consumption is expected to double over the next decade. EMPHE aims to meet the city’s future electricity demand with cleaner energy. EMPHE has submitted an application to the Vietnamese government for the project to be considered and potentially included in Vietnam’s National Power Development Plan (PDP), which sets out the long-term vision for Vietnam’s energy security and development.
The project is being conducted as part of the Japan US Strategic Energy Partnership (JUSEP), a Japan-US collaborative framework that facilitate economic growth and global security through developing an affordable and reliable energy supply in Southeast Asia, South Asia, and Sub-Saharan Africa. [1] The MOU was signed at the Indo-Pacific Business Forum hosted by the U.S. Trade and Development Agency, with the presence of government officials from Japan, the U.S., and Vietnam.
JERA aims to become a provider of cutting-edge solutions to solve global energy problems. Through this mission, JERA will contribute to addressing energy challenges in Vietnam by leveraging its experience in LNG value chains.[2] [3]
[1] https://www.meti.go.jp/english/press/2017/pdf/1107_001a.pdf