According to a statement from PV Power, a groundbreaking ceremony for the LNG-to-power project’s technical infrastructure took place on Monday.
Earlier this year, the Nghe An provincial government approved the investment policy and selected the consortium as the investor of the project valued at approximately $2.3 billion.
This project is a large-scale infrastructure development that includes constructing a 1,500 MW gas-fired combined-cycle power plant, a 250,000-cbm LNG tank, and a dedicated port in the Quan Lap area of Nghe An Province, located 220 km south of Hanoi.
SK Innovation previously said that the project is expected to achieve optimal synergy by leveraging SK’s operational experience in LNG power generation and its global LNG value chain capabilities, including directly owned gas fields in North America and Australia, while ensuring project stability through collaboration with partners possessing deep understanding of the local power generation market.
The company also said it is considering expanding the Quynh Lap LNG terminal into a hub terminal after its construction, supplying gas to nearby power plants and other facilities.
The partners expect to complete the terminal and power plant by the end of 2030.
Vietnam’s LNG terminals
PV Power launched commercial operations at its Nhon Trach 3 and 4 LNG power plants in December last year.
Vietnam’s first LNG power plants have a total capacity of 1.6 GW.
These facilities are being supplied from the PV Gas-operated Thi Vai LNG import facility, Vietnam’s first LNG import terminal.
PV Gas recently increased the facility’s capacity.
In addition, Nebula Energy’s AG&P LNG and Vietnam’s Hai Linh received the first commissioning cargo last year at their Cai Mep LNG import terminal in Vietnam.
AG&P LNG recently also agreed to acquire a 100 percent stake in the Cai Mep LNG import terminal.
The Cai Mep facility is Vietnam’s second LNG import facility, adding to the PetroVietnam Gas-operated Thi Vai LNG terminal in Ba Ria-Vung Tau province.
The terminal has a capacity of 3 mtpa, expandable to 6 mtpa.
