Exxon Mobil plans $20bn gas-fired investment

Texas, US-based Exxon Mobil Corp. (NYSE: XOM), the world’s largest energy producer by market value, is preparing to invest around $20bn in a gas-fired power complex with Vietnam's state oil and gas group Petrovietnam.

The news was broken by the Thanh Nien (Young People) newspaper quoting Vietnam’s Trade Ministry.

Exxon logo
The project will involve the construction of two power plants with a combined capacity of 6,000 to 6,500 MW, which could make the United States one of the top four foreign investors in Vietnam along with Japan, South Korea and Taiwan, the report said.

For more gas-fired power generation news



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...