Advancing energy security and system balance
Hydrocarbons, especially natural gas and LNG, are vital to Vietnam's fast-growing power market. As demand rises across gas and LNG, they boost energy security, system flexibility, and supply reliability.
Domestic gas production remains essential, while growing LNG imports diversify supply and support demand. New LNG terminals, pipelines and storage strengthen system resilience and grid stability.
As coal capacity is phased down, gas and LNG are positioned as critical additional fuels. Vietnam is also exploring longer-term decarbonisation options, including carbon capture and hydrogen-ready infrastructure, creating new value chain opportunities.
Key Facts
Gas & LNG power target
22.5 GW LNG capacity target by 2030
Domestic gas capacity
10.9-14.9 GW by 2030
Coal
existing ~31 GW maintained to 2030
LNG import capacity
15.7-18.2 bcm per year by 2030
Oil reserves
~4.4 billion barrels (28th globally)
Gas reserves
~871 billion m³
