In a statement issued late on Oct. 1, the city’s People’s Committee said the power plant would have an initial capacity of 2.25 gigawatts (GW) and that would be expanded to 4.5 GW by 2029-2030.
It said the project would also include a terminal with a capacity of 6 million tonnes of LNG per year.
Exxon Mobil did not immediately respond to a request for comment.
In June, Vietnam’s government said it welcomed Exxon Mobil’s move to invest in the country following a phone call between Prime Minister Nguyen Xuan Phuc and Irtiza Sayyed, president of ExxonMobil LNG Market Development Inc.
The government said in a statement at the time that a power project in Haiphong could use LNG imported from the United States or other countries.
The Institute of Energy of Vietnam is drafting a new master power development plan and has compiled a list of 22 LNG power plants with a combined potential capacity of up to 108.5 GW, the first of which will be operational by 2023.
The Haiphong committee said on Oct. 1 the city had also approved another $1.9 billion LNG power project with a capacity of 1.6 GW.
It said the first phase of the plant would be operational from 2025 and the entire plant from 2028, but did not specify a potential developer or investor.
Separately, the EIA projected U.S. natural gas output would decline for a third month in a row to 81.8 Bcf/d in November. That would be down over 600 MMcf/d from its forecast for October.
U.S. energy firms last week added oil and natural gas rigs for a third week in a row for the first time since October 2018 after price increases in recent months prompted some producers to start drilling again.
Libya's National Oil Corp. (NOC) said it was lifting force majeure on Sharara oilfield on Oct. 11, and a Libyan source said initial output there will be 40,000 barrels per day (bbl/d), with total production in the country at 355,000 bbl/d on Oct. 12.