At the U.S. Global Gas Initiative launch hosted by USTDA, LNG Allies, and the U.S. Chamber of Commerce on March 20, 2026, Bobby Quintos of Delta Offshore Energy highlighted the 3.2 GW Bac Lieu LNG-to-Power project in Vietnam as a model for U.S.-supported clean energy partnerships in the Indo-Pacific.
Delta’s 3,200MW Bac Lieu liquefied natural gas-to-power project has completed about 95 per cent legal requirements of the preparation phase. However, there are nine outstanding issues. Two involve the appraisal of feasibility reports by the Ministry of Industry and Trade, and approval of state assurances for project implementation as stipulated in the Law on Investment 2020 and Decree No.31/2021/ND-CP. The latter will enable the negotiation and signing of a power purchase agreement, allowing the project to meet all bankability requirements of international lenders.
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