Exxon Mobil Corporation and the Vietnam National Oil and Gas Group (PVN) are discussing a US $20 billion investment plan for a power complex in Quang Ngai Province.
The two companies have already exchanged documents and agreements related to the projects.
A 200-hectare site has already been selected for construction. Half of the land will be constructed in the first phase for a 1,500 MW electricity plant. A gas and power plant capable of generating 4,000-5,000 MW will be finished during the second phase of development.
The plant will be fueled by gas from blocks 117, 118, and 119 from Ca Voi Xanh Ore.
It is expected to be a national oil-refining hub in central Vietnam.