• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 32 mins Could Venezuela become a net oil importer?
  • 4 hours Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 2 hours Tesla Closing a Dozen Solar Facilities in Nine States
  • 7 hours Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 2 hours Why is permian oil "locked in" when refineries abound?
  • 7 hours EU Leaders Set To Prolong Russia Sanctions Again
  • 18 mins Oil prices going down
  • 2 mins Could oil demand collapse rapidly? Yup, sure could.
  • 19 hours Teapots Cut U.S. Oil Shipments
  • 15 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 3 hours Gazprom Exports to EU Hit Record
  • 10 hours Saudi Arabia turns to solar
  • 1 hour EVs Could Help Coal Demand
  • 8 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 20 hours Hot line, Macron: Phone Calls With Trump Are Like Sausages Best Not To Know What Is Inside
  • 24 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
Oil Demand Growth Could Start To Soften Soon

Oil Demand Growth Could Start To Soften Soon

Non-OECD markets are one of…

Vietnam Considers Wind Power

While Vietnam is a rising exporter of hydrocarbons, government authorities are increasingly interested in increasingly the country’s investments in renewable power sources.
 
According to World Bank research, 8.6 percent of Vietnam’s territory has wind power development potential, with the areas with the greatest possibilities for development being Son Hai in central Ninh Thuan province, and Ham Tien and Mui Ne in central Binh Thuan province, largely shield as they are from the massive Pacific typhoons that regularly lash the Vietnamese coastline, as well as having relatively consistent wind speeds, Vietnam Plus news agency reported.
 
According to Vietnam’s Ministry of Industry and Trade’s Energy Department, the country now actively has 42 wind power projects in operation, mainly in 12 provinces in the country’s central and southeastern regions, with a total installed capacity of 3,906 megawatts.
 
While currently meeting a minor percentage of the country’s energy needs, Prime Minister Nguyen Tan Dung recently issued directives to assist wind power projects that will become operational next month, exempting wind power projects from import tariffs of foreign-made materials for production and enjoy land lease reductions, while wind power projects connecting to the national grid will in addition be eligible for government subsidies.
 
The government’s overall strategy is to minimize national use of traditional fossil fuels in order to preserve as much as the country’s rising hydrocarbon output for export to earn badly-needed foreign currency.
 
By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News