About Vietnam bbl energy
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6 FAQs about [Vietnam bbl energy]
Does Vietnam need a Block B gas project?
Vietnam has a vast potential for wind and solar power. Yet, the country pushes ahead with plans like the Block B gas project. In a world of highly-unpredictable gas prices where the end goal is net-zero, such a step can prove costly for all parties involved.
Why are fossil fuels a major energy source in Vietnam?
Fossil fuels are a dominant energy source in Vietnam, which accounts for about 70% of total consumption in 2016. Along with rapid economic growth, the use of fossil fuels has been increasing significantly. In particular, to date, the consumption of coal and oil products and gas has increased by more than 12-fold and 7-fold, respectively.
What is the fuel mix of electricity generation in Vietnam?
The fuel mix of electricity generation is 38.9% from hydro generation, 32.6% from coal, and 27.7% from gas. Renewables and oil only accounted for 0.2% and 0.7%, respectively. Source: Computed from BP, 2018; IEA, 2018; Trading Economics, 2019; CEIC, 2019. Since 2015, Vietnam has switched from a position of coal exporter to a net coal importer.
How much electricity does Vietnam generate a year?
In 2016, Vietnam's electricity generation was 176 million mWh (BP, 2018 ). The role of “clean” energy for electricity generation has been increasing. For example, the Ninh Thuan solar project ($USD 300 million value) will commence in March 2019, with a capacity of 450 mWh.
Is primary energy consumption increasing in Vietnam?
Total primary energy consumption in Vietnam has been increasing at a growth rate of 6.1% a year during 1990–2016, of which the industrial, residential, and transport sectors accounted for about 93% of total end-use consumption (BP, 2018; IEA, 2018 ).
How long will Pharos Energy licences last in Vietnam?
UK-based oil and gas explorer Pharos Energy said on Friday its two joint ventures in Vietnam have received local government approval to extend their licences by five years to the early 2030s.

































