JERA explores investment in Vietnam’s natural gas-fired power plant amid LNG transition

Japan’s utility giant JERA is considering investing in a natural gas-fired power plant in Vietnam, as part of the region’s shift from coal to liquefied natural gas (LNG). With Vietnam’s power sector rapidly evolving, gas-fired plants are expected to make up 24.8% of the country’s installed capacity by 2030, totalling 37.33 GW, with LNG playing a major role. JERA’s investment decisions align with energy transition policies across Asia and the decline of local natural gas…