In recent years, liquefied natural gas (LNG) has sparked considerable interest in Vietnam as a potential new source of energy, given the rapid growth of the country’s demand for electricity. According to the World Bank, the scale of Vietnam’s electricity consumption ranks second in the Association of Southeast Asian Nations (ASEAN) after Indonesia and 23rd in the world. Given its fast growing economy, Vietnam’s electricity generating capacity has been under pressure to keep up with demand. Electricity demand is projected to grow 8 percent annually through 2030. This would require generation capacity to increase from 60 GW in 2020 to 130 GW by 2030.In recent years, liquefied natural gas (LNG) has sparked considerable interest in Vietnam as a potential new source of energy, given the rapid growth of the country’s demand for electricity. According to the World Bank, the scale of Vietnam’s electricity consumption ranks second in the Association of Southeast Asian Nations (ASEAN) after Indonesia and 23rd in the world. Given its fast growing economy, Vietnam’s electricity generating capacity has been under pressure to keep up with demand. Electricity demand is projected to grow 8 percent annually through 2030. This would require generation capacity to increase from 60 GW in 2020 to 130 GW by 2030.
