Gen X Energy will operate the upcoming Cai Mep Ha LNG regasification terminal, proposed to be built in Ba Ria Vung Tau in Vietnam. The terminal is expected to start operations in 2023 and will be owned by The Blackstone Group, and others.
The Cai Mep Ha LNG regasification terminal has a proposed regasification capacity of 146.1bcf/annum (billion cubic feet) and storage capacity of 0.18 million tons (Mt).
Subsequent expansions at the Cai Mep Ha regasification terminal will increase its capacity by 292.2bcf/annum.
During the period 2021-2025, the Cai Mep Ha regasification terminal is expected to witness an estimated capex of $3,855m.
About Gen X Energy
Gen X Energy Pte Ltd (Gen X Energy) is an energy company focused on the acquisition, development and restructuring of large-scale independent power and energy related infrastructure projects. The company offers services which include project acquisition and development opportunities in both emerging and developed markets; project finance; market relationship contracts; construction, operation and maintenance of renewable energy power plants. It also provides finance for greenfield power generation projects. Gen X Energy constructs and manages energy and infrastructure projects in Vietnam, Taiwan, India, China, Bangladesh, Sri Lanka and the Philippines. The company has operational presence in Vietnam and the US. Gen X Energy is headquartered in Singapore City, Singapore.
Information on the terminal is sourced from GlobalData’s LNG regasification database that provides detailed information on all active and upcoming, large – scale LNG regasification terminals globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.