Vietnam’s liquefied natural gas demand—potential to import liquefied natural gas from the USA

Abstract

Abstract Vietnam, a dynamic and rapidly developing country in Southeast Asia, is experiencing a surge in energy demand due to its booming economy and growing population. However, with the strong commitment of the Vietnamese government to achieve net-zero emissions by 2050 at COP 26, Vietnam needs to implement robust measures to reduce greenhouse gas emissions, with energy transition as a top priority. To meet this growing energy demand and minimize greenhouse gas emissions in the energy sector, Vietnam is turning its attention to liquefied natural gas (LNG), an environmentally friendly and versatile energy source. With the USA emerging as a major global exporter of LNG based on the shale gas revolution, Vietnam has recognized the potential to import LNG from the USA to meet its energy needs in a sustainable manner. The purpose of this article is to analyse the reasons why Vietnam has prospects for importing LNG from the USA.