1 May 2024
Vietnam-ExxonMobil deal highlights potential for growth in Southeast Asia
Publication date: 16 January 2017
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ExxonMobil’s recent deal linked to the Blue Whale offshore gas project in Vietnam illustrates how authorities in the Southeast Asia are increasingly willing to look at cleaner alternatives to coal in cases where the economics stack up and supply is readily accessible.
PetroVietnam said the accord with the US-based supermajor linked to the Blue Whale project would bring in nearly USD 20 billion to state coffers. The project is Vietnam’s biggest gas development to date with an estimated 5.3 Tcf.