CaliToday (11/9/2025): In a monumental move set to reshape Vietnam's energy landscape, Patrick Pouyanné, the Chief Executive Officer of French energy major TotalEnergies, has officially confirmed the company's plan to invest in a massive $10 billion integrated gas-to-power complex in the country. The project stands as one of the largest foreign direct investments in Vietnam's history and signals a deep commitment to the nation's long-term energy security and economic development.
The ambitious venture is designed to create a comprehensive and integrated energy value chain. It will reportedly involve the development of Liquefied Natural Gas (LNG) import terminals and subsequent infrastructure to supply a new generation of advanced power plants. This strategic investment aims to provide a stable, reliable, and cleaner source of energy to fuel Vietnam's rapidly expanding industrial sector and meet the growing demands of its nearly 100 million people.
This confirmation from Mr. Pouyanné puts an end to speculation and solidifies the project's strategic importance for both the company and the host nation. While the specific location and a definitive timeline for the project's phases are expected to be announced following final approvals, the commitment from the highest level of TotalEnergies marks a pivotal milestone.
For Vietnam, the project is a crucial component of its national energy strategy. As the country strives to achieve its ambitious climate goals, including the net-zero emissions target set for 2050, transitioning from coal to cleaner fuels like natural gas is a top priority. This gas-to-power complex will play a vital role in that transition, reducing the carbon footprint of the nation's power sector while ensuring a consistent energy supply necessary for sustained economic growth.
Furthermore, the economic implications are immense. An investment of this magnitude is projected to create thousands of highly skilled jobs during its construction phase and hundreds of permanent positions for its long-term operation. It will also stimulate significant development in local supporting industries, from logistics and engineering to maintenance services, thereby boosting the regional economy.
From the perspective of TotalEnergies, the investment is a strategic move that aligns with its global vision of expanding its LNG portfolio and supporting the energy transition of its partners. Vietnam, with its stable political climate, strong economic growth, and clear governmental support for large-scale energy projects, represents an ideal market for such a significant undertaking.
The confirmation by CEO Patrick Pouyanné is not just an announcement of a project; it represents a powerful vote of confidence in Vietnam's future and deepens the long-standing economic ties between France and Vietnam. As the project moves forward, it is poised to become a cornerstone of Vietnam's energy security and a shining example of successful international cooperation in the global pursuit of a sustainable energy future.
