At the plenary session of the 8th Russian Energy Week Forum on October 15, Deputy Prime Minister Bui Thanh Son shared Vietnam’s plans for developing LNG-based power generation.

At the invitation of the Russian Government, Deputy Prime Minister Bui Thanh Son led the Vietnamese Government delegation to visit and attend the 8th “Russian Energy Week” Forum, held in Moscow from October 15-17, 2025.

This annual international forum, initiated in 2016 under the auspices of the Russian Government, serves as a platform for discussing major global fuel and energy trends, exploring economic and technological solutions, and strengthening international cooperation to address challenges and promote sustainable energy development.

According to the organizers, this year’s forum gathered nearly 5,000 delegates from 80 countries and territories, featuring more than 70 events.

During the plenary session titled “Global Energy Market: Transforming Relations and Balancing Interests,” Deputy Prime Minister Bui Thanh Son joined Russian Deputy Prime Minister Aleksandr Novak, Belarusian Deputy Prime Minister Viktor Karankevich, OPEC Secretary-General Haitham Al-Ghais, Gas Exporting Countries Forum Secretary-General Mohamed Hamel, and other government representatives.

Delegates agreed that the global energy sector faces major challenges amid complex geopolitical tensions disrupting supply chains, affecting both markets and production. Despite these challenges, with the global population projected to reach 10 billion by 2050 and expanding economic activity, energy demand will continue to rise. Alongside renewable development, demand for traditional sources like oil and gas will remain significant.

Deputy Prime Minister Bui Thanh Son thanked the Russian Government for inviting Vietnam to participate in this important event, emphasizing that global energy transformation must focus on efficiency, science, technology, and emissions reduction. He noted that the world’s response to climate change and resource depletion requires collaboration to build a sustainable and balanced energy system.

The Deputy Prime Minister highlighted that energy plays a critical role, not only in ensuring national energy security but also in supporting sustainable socio-economic growth. “Energy is no longer just a resource or fuel; it is the foundation of peace, development, and equity energy for the future, energy for humanity,” he stressed.

He also shared Vietnam’s overarching energy goals: by 2030 and toward 2045, the country aims to ensure firm national energy security, provide stable and high-quality energy supply, cut emissions, and support economic development while safeguarding national defense and the environment.

Responding to questions on LNG infrastructure, Deputy Prime Minister Bui Thanh Son revealed that Vietnam’s expansion plans for LNG terminals are aligned with the construction timeline of gas-fired power plants.

Accordingly, Vietnam expects to develop 10-14 LNG terminal clusters to serve corresponding gas power plants across all regions. LNG storage and power project investors are actively implementing these projects, aiming for commercial operation between 2028 and 2030.

Vietnam welcomes cooperation and knowledge sharing with Russian and international companies to enhance LNG infrastructure development and operational capacity, the Deputy Prime Minister affirmed.

According to Chinhphu.vn