Central Vietnam LNG-to-power project adds terminal to host 90,000-ton vessels
Quang Tri province in central Vietnam has been allowed to add a terminal that can accommodate vessels of up to 90,000 tons to serve the 1,500-MW LNG-fired power project (LNG Hai Lang Power Center).
The addition is part of a detailed master plan for seaports in the central part of the nation’s central region, the Ministry of Transport clarified.
Design for the LNG Hai Lang Power Center in Quang Tri province, central Vietnam. Photo courtesy of Quang Tri newspaper.
The terminal will also include a dedicated lane for vessels within the My Thuy seaport to serve the power project.
The seaport, which broke ground this March, is designed to host vessels of up to 150,000 tons, serving trade ties with Laos and Thailand.
A consortium comprising South Korea's Hanwha Energy, Korea Gas (Kogas), Korea Southern Power (Kospo) and Vietnam’s T&T Group is the investor for the $2.3-billion LNG Hai Lang Power Center.
The consortium broke ground for the first phase of the LNG power complex in January 2022, but little progress has been made since.
The project is set to negotiate a power purchase agreement (PPA) in the third quarter of 2025, reach financial agreements in Q4/2025, start construction in Q4/2025, and enter commercial operation in Q4/2029 (after 48 months of construction).
The consortium is updating adjustments to the project before seeking approval from the provincial Department of Planning and Investment.
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