As a subcontractor to COWI in 2019, K&M assisted the IFC’s efforts to support the development of a LNG terminal, by analyzing potential sites for a floating storage and regasification units (FSRU) in southern Vietnam. K&M developed a financial model to calculate the levelized cost of electricity (LCOE) for each FSRU siting option. The LCOE was be calculated based on the LNG ex-ship price, FSRU charter rate, berth and mooring infrastructure capital cost, offshore and onshore gas pipeline capital cost, and power plant capital and operating costs. This study demonstrated that electricity generated with imported LNG could be competitive in southern Vietnam.