Liquefied natural gas (LNG) terminal and downstream infrastructure firm AG&P LNG has acquired a 49 percent stake in the Cai Mep LNG terminal located in Vũng Tàu district in South Vietnam. The $500 million Cai Mep LNG terminal, which is being developed by Vietnam’s Hai Linh Company Limited, has a capacity of 3 million metric tons per annum (mtpa) expandable to 6 mtpa. It is one of only two existing LNG terminals in the country. The terminal has pipeline connectivity to Vietnam’s largest power generation complex, the Phu My industrial zone, with a gas-fired capacity of 3.9 gigawatts (GW). It is expected to start o ... (full story)