{
  "id": 14936156,
  "title": "Vung Ang LNG Terminal looks for candidates for 1 billion EPC contract",
  "url": "https://urgent.news/2026/10/16/vung-ang-lng-terminal-looks-for-candidates-for-1-billion-epc-contract",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-16T10:53:56.000Z",
  "source": {
    "name": "Vietnam Investment Review",
    "slug": "vietnam-investment-review",
    "url": "https://vir.com.vn/vung-ang-lng-terminal-looks-for-candidates-for-1-billion-epc-contract-162970.html"
  },
  "original_language": "en",
  "account": "The Vung Ang LNG Terminal is seeking candidates for a $1 billion Engineering, Procurement, and Construction (EPC) contract. This package, evaluated at $914.692 million, will undergo a one-stage, two-envelope international bidding process, not online. The project, located in Vung Ang Economic Zone, Ha Tinh province, covers LNG storage, regasification, marine infrastructure, pipelines, metering, control equipment, fire protection, and other necessary components. The contract, comprising 14 packages with a combined value of $923.343 million, includes activities from mine clearance to final audit. The major EPC package, valued at $914.69 million, is crucial for the project's development. The remaining packages support project preparation, control, and assistance. Amid global supply chain disruptions, the terminal's addition enhances gas source diversification in the north-central region. During the EPC package bidding, some contractors requested an extension, citing the need for more time to prepare their most competitive bids.",
  "summary": "Vietnam Gas Corporation is seeking a contractor to provide the engineering procurement and construction package for the Vung Ang LNG Terminal project",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}