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If the Blue Whale gas project continues to be delayed for a few more years, will the Central region miss the opportunity to become the largest energy center in Vietnam in the coming decades?
The Blue Whale gas project is once again becoming the focus of attention as management agencies and energy businesses continue to promote the investment preparation process. With a total expected capital of about 5 billion USD, equivalent to nearly 130,000 billion VND, this is considered one of the largest offshore energy projects in Vietnam's history.
Blue Whale gas field is located off the coast of the Central region, about 80 to 100 km from shore, in the waters between Da Nang and Quang Nam. The project was expected to become a new growth engine for the Central region, while contributing to ensuring national energy security in the context of increasing electricity demand.
Noteworthy timeline
Event Time
2011 ExxonMobil and PVN announced the discovery of a gas field
2017 Project development plan announced
2020 - 2024 Many times the schedule has been adjusted
June 13, 2026 Da Nang continues to put related areas into directionnew development
Expected 2027 Expectation of final investment decision FID
After 2030 Commercial exploitation target
Project scale
Value Category
Total investment capital: About 130,000 billion VND
Distance to shore is 80 - 100 km
Da Nang and Quang Nam landfall areas
Resource type Natural gas
Impact Electricity, industry, energy infrastructure
Why is Da Nang of special interest?
After adjusting the boundaries and new development planning, Da Nang is mentioned as a potential logistics and energy industry center associated with the Blue Whale project.
Many experts believe that if the project is implemented as planned, the city can benefit from many fields
✓ Seaport infrastructure
✓ Petroleum technical services
✓ Energy logistics center
✓ Deep processing industry
✓ National Energy Reserve Center
✓ Supporting business ecosystem
Expected economic impact
130,000 billion VND
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Gas exploitation
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Gas power plant
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Supporting industry
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Logistics - Seaport
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Employment and GDP growth
⚡ Role in energy security
In the context that many existing gas fields are decreasing in output, Blue Whaleconsidered an important additional source for the national electricity system.
Natural gas from the project is expected to provide fuel for gas power plants in the Central region, reducing pressure on LNG imports and helping diversify energy supplies.
Compare scale with some large projects
Field Project
Blue Whale Offshore natural gas
Lot B - O Mon Gas and electricity
Son My LNG LNG chain imports
LNG Thi Vai LNG terminal warehouse
Dung Quat expands Petrochemical Refining
The difference of Blue Whale is that the gas source is exploited directly from the Vietnamese continental shelf, helping to increase autonomy in long-term fuel sources.
Opportunities and challenges
Opportunity
✓ Attracting hundreds of trillions of VND in supporting investments
✓ Increase the competitiveness of the Central region
✓ Forming a new energy center
✓ Create high quality jobs
Challenge
✓ Investment costs are very large
✓ Deployment time is long
✓ Global energy price fluctuations
✓ Requires complex offshore exploitation technology
If the final investment decision is approved in 2027, Blue Whale is not just a simple oil and gas project but can become a push to change the economic structure of Da Nang and the entire Central region for decades to come.
According to you, the Blue Whale will become fillerWill the force make Da Nang the new energy capital of Vietnam or will it continue to be a super project that has been mentioned for many years but has not been able to break through?
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