Energy Capital Vietnam (ECV) has formed a joint venture with Gunvor International BV, a major independent energy commodities trading house, to develop an LNG-to-power project in Southeast Vietnam.
ECV is a U.S.-based project holding and development company established in 2015 to serve as a platform for private investment into Vietnam. Gunvor is the largest independent LNG trader in the world. The joint venture will be responsible for trading and shipping on behalf of ECV. Gunvor will supply LNG to the joint venture on a long-term basis.
“ECV is committed to providing Vietnam with energy security made possible through access to abundant U.S. LNG, which will be supplied to our project in an economically efficient and sustainable manner by our JV with Gunvor,” said David Lewis, chairman and CEO of ECV. “As the worldwide LNG market continues to mature — with increasing volumes and trading complexity — this innovative sourcing partnership will help optimize our fu
