25/03/2006 -- 10:21 AM
HCM City, Mar. 25 (VNA) – A shared strategic plan for developing a 2,640 MW power complex using natural gas from Nam Con Son Basin was signed between Electricity of Viet Nam Corp (EVN), Viet Nam Oil and Gas Corp (PetroVietnam) and BP Exploration Operating Company Viet Nam (BP) in Ha Noi recently.
The plan will pave the way for the exploitation of new fields in Nam Con Son Basin’s blocks No. 5.2 and 5.3 and supply natural gas for the new power complex to be built in Nhon Trach, Dong Nai province.
According to EVN’s energy development plan, Nhon Trach Power Complex, with total capacity of 2,640MW, will require some 2.5 billion cubic metres of gas per year. The first plant at Nhon Trach is scheduled to become operational in 2008.
At the signing ceremony, Deputy Minister of Industry Nguyen Xuan Thuy said: “The ministry will give all the guidance and support necessary to make sure the project is successful and delivers a good return to investors.
“It will help meet the country’s demand for gas and power, contribute to economic development, and step up the development of the petroleum and energy industries in Viet Nam.”
The 1.3 billion USD Nam Con Son gas project, which became operational in 2002, has already proven that natural gas can be a reliable and clean fuel for power generation. During the 2005 dry season, the project increased the local gas supply by 30 percent in order to prevent power shortages.
Nam Con Son Basin, located 370 km southeast of Vung Tau, has reserves amounting to 58 billion cubic metres of gas. It is expected to supply natural gas to southern power plants for the next two decades.
The basin’s gas production rose from 2.58 billion cubic metres in 2004 to 3.58 billion cu.m last year.
BP operates Blocks 5.2 and 5.3 on behalf of its partners, PetroVietnam Exploration and Production (PVEP) and ConocoPhillips.-Enditem