China Closes The Door On Vietnam’s Oil And Gas Ambitions

offshore rig

 

As China tightens the noose over Vietnam’s ability to drill for oil and gas in its own UN-mandated 200-nautical mile Exclusive Economic Zone (EEZ), the country is turning to solar energy and other renewables to make up for lost ground.

Over the weekend, Singapore-based Sunseap Group broke ground on Vietnam’s largest solar farm, a 168-MW project in Ninh Thuan province. The $150 million project will become operational in June 2019 and supply more than 200 kWh of electricity to the national power grid annually, Sunseap said in a statement. Continue reading