Consortium selected to lead Vietnam's largest LNG power project
A consortium of South Korea’s SK Innovation, PetroVietnam Power Corporation (PV Power), a subsidiary of Vietnam’s state-run PetroVietnam group, and Vietnamese company NASU has been selected as the project developer for Vietnam’s largest LNG power project.
Valued at approximately $2.3 billion, the Quynh Lap LNG Power Project will be developed in Nghe An Province, in north-central Vietnam, and will see the establishment of a 1.5 GW gas-fired power plant, a 250,000 m3 LNG terminal, and a dedicated port in the Quynh Lap region, approximately 220 kilometers south of Hanoi.
The consortium, designated by the government of Nghe An Province as the project developer, will combine SK Innovation’s expertise in LNG power generation and its global LNG value chain with the local strengths of the Vietnamese partners.
“This project demonstrates the strength of international collaboration and the competitiveness of SK’s integrated LNG value chain. By working closely with the Nghe An provincial government and our partners, we look forward to contributing to Vietnam’s energy development and regional prosperity,” an SK Innovation spokesperson said.
The South Korean company said it was considering
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