Myanmar takes delivery of LNG for Yangon power plants

Myanmar has taken delivery of its second load of liquefied natural gas (LNG) from Malaysia, U Soe Myint, deputy permanent secretary for the Ministry of Electricity and Energy, said on November 25.A total of 126,000 cubic meters of LNG was delivered to CNTIC VPower at the Thilawa port in Yangon and will be transferred via a floating storage unit to the 350MW Thanlyin power plant and the 400 MW Thaketa power plant.

The Ministry of Electricity and Energy signed agreements with Petronas LNG Ltd of Malaysia and CNTIC VPower of China earlier this year to purchase the LNG over a five-year period. The LNG will be used to power up seven new plants in Magwe, Shwe Taung, Kyun Chaung, Ahlone, Kyauk Phyu, Thanlyin and Thaketa to produce a total of 1166MW of power for summer this year.

Petronas delivered the first two LNG cargoes to Myanmar in May and June. As part of the deal, the cargoes were sold on a free-on-board basis from the Petronas LNG complex at Bintulu,Sarawak, in East Malaysia, and totaled 190,000 cubic meters.CNTIC VPower is a joint venture company between Chinese state-owned engineering, procurement and construction firm China National Technical Import and Export Corporation and Hong Kong-based power generation distributor VPower Group International Holdings.

Last year, the consortium won three LNG-to-power projects in Yangon and Rakhine totaling 900MW through a tender issued by state-owned Electric Power Generation Enterprise. – Translated

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Source : Myanmar Times

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