The 20-year agreement with Delta Offshore Energy is to deliver...

The 20-year agreement with Delta Offshore Energy is to deliver an LNG-to-power project for the Bac Lieu province of Vietnam, where an LNG import terminal and power plant is planned to be built, beginning in 2023. Magnolia will deliver 2 million tonnes per annum (2 mtpa) of LNG. Delta OE will move the gas, then sell the generated electricity to the province.

“This agreement is a major achievement for the Magnolia LNG project as we progress our global commercial and marketing push toward a final investment decision,” Greg Vesey, LNG Limited’s managing director and CEO, said in a statement.