As part of the project, the company is also to build a power station to operate on LNG, Reuters news agency reported. The power station is to produce 2.2 gigawatts in 2026-27.
Vietnamese authorities had earlier announced that an LNG plant would use fuel imported from the United States and other countries.
Vietnam’s energy development plan calls for construction of 22 power stations with a capacity of 108 Gw. The first plant is to come on stream in 2023.
One more LNG project has also been approved, calling for construction of a power station with a capacity of 1.6 Gw and costing $1 billion. No further details are available.
ExxonMobil is a world leader in LNG production. Together with joint ventures and companies linked to it, ExxonMobil produces about 23 million tonnes of LNG annually and supplies gas to 30 countries.