Pompeo Says AES of US, PetroVietnam to Sign $2.8B LNG Deal



Associated Press

HANOI (AP) — The U.S. energy firm AES and PetroVietnam plan to soon sign an agreement on a $2.8 billion liquefied natural gas project, U.S. Secretary of State Mike Pompeo said Wednesday.

Pompeo made the comments in pre-recorded remarks to a business conference hosted both online and in person in Hanoi, the Vietnamese capital.

Arlington, Virginia-based AES Corp. and its Vietnamese partners have been gradually ramping up efforts to develop a hub for importing LNG from the U.S. over the past several years.

Pompeo said Vietnam has approved the project, and that it would “open the door to billions of dollars per year in U.S. LNG exports to Vietnam. That’s a real win-win situation.“

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