On Wednesday (September 11, 2024), the Memorandum of Understanding Signing Ceremony for Cooperation on Development of Chan May LNG Terminal Project between Stavian Group and Wealth Power Group took place successfully at Stavian Group’s headquarters (Century Tower, Hanoi). 

With an aim to bring optimal solutions in reconciling the environmental criteria with the country’s economic interests, Wealth Power Group is one of the leading experts in investing in development projects on clean energy, such as solar energy, wind energy, and liquefied natural gas (LNG). The Memorandum of Understanding (MOU) Signing Ceremony for Cooperation on Development of Chan May LNG Terminal Project between Stavian Group and Wealth Power Group marks a new milestone in the collaboration process, tightens solidarity, and accompanies the sustainable development between the two companies.

According to the MOU, Stavian Gas Joint Stock Company – a member of Stavian Group and VN-LNG Joint Stock Company – a member of Wealth Power Group will cooperate to develop the Chan May LNG Terminal Project and auxiliary systems to import, store, and distribute LNG. The Terminal will be at Chan May Port in the Lang Co Economic Zone, Thua Thien Hue Province, Vietnam. The project is expected to bridge the gap between electricity supply and demand in Vietnam and produce sustainable energy to contribute to the realization of the Vietnamese government's direction of using clean energy.

In the upcoming time, with the support of Wealth Power Group, Stavian Group in general and Stavian Gas Joint Stock Company in particular will actively implement each step of the project, operate the port warehouse soon, create jobs for local people as well as contribute to creating a prosperous, sustainable green economy in Vietnam and international markets.