First northern Vietnam LNG power plant eyes 2027 opening

By Vy Anh, Tri Duc
Thu, July 6, 2023 | 9:14 am GMT+7

The $1.9 billion, 1,500 MW LNG Quang Ninh power plant, the first such facility in northern Vietnam, is expected to begin operations in the third quarter of 2027.

An illustration of the Quang Ninh LNG-to-power plant taking shape in Quang Ninh province, northern Vietnam. Photo courtesy of Petrovietnam.

An illustration of the Quang Ninh LNG-to-power plant taking shape in Quang Ninh province, northern Vietnam. Photo courtesy of Petrovietnam.

The 60-hectare plant in Cam Pha town, the northern coastal province of Quang Ninh, designed for an annual output of nine billion kWh, is jointly invested in by PV Power, a subsidiary of of state-owned Petrovietnam; Quang Ninh-based Vietnam Mechanical Assembly JSC (Colavi); and two Japanese firms – Tokyo Gas and Marubeni.

The project is expected to contribute VND57.7 trillion ($2.43 billion) to the local budget over 25 years while strengthening the national power network and reducing emissions.

The plant will use 1.1 million tons of imported LNG yearly. It will have two turbines of 750 MW each, one LNG terminal to host ships of up to 71,500 deadweight tonnage (DWT), two 100,000 cubic meter LNG storage facility, 3.5 kilometers of pipelines to transport LNG between the terminal and storage facilities, and 30 kilometers of 500 kV transmission lines between the factory and the Quang Ninh power transformer.

The plant is included in the newly-approved power development plan VIII (PDP VIII) as a priority project. Quang Ninh province has completed procedures related to the selection of investors, sea channels and land use, and is processing those related to fire prevention, power connection and electricity sales, among other things. The province aims at completing the project’s pre-feasibility study in the fourth quarter of this year.

The project investors plan to complete the installation of the first turbine in April 2027 and the second turbine in June 2027.

State utility Vietnam Electricity (EVN), the nation’s sole power distributor, is yet to approve a plan to connect the plant to the national grid.

Meanwhile, the Ministry of Transport has approved the addition of an LNG terminal to the northern region seaport development plan (until 2030).

Vietnam has no LNG power plants operational at present. PV Power’s Nhon Trach 3 & 4 power plants, with a combined capacity of 1.6 GW, are Vietnam’s first LNG-to-power projects. These are under construction in the southern province of Dong Nai near Ho Chi Minh City

The freshly approved Power Development Plan VIII (PDP VIII) is expected to open a new chapter for Vietnam's electricity industry, with gas to become a key fuel in 2021-2030. The list of priority LNG projects for development by 2035, contained in Table 1 of Appendix II of the national plan, include: Quang Ninh (1,500 MW); Thai Binh (1,500 MW); Nghi Son (1,500 MW); Quang Trach II (1,500 MW); Quynh Lap/Nghi Son (1,500 MW); Hai Lang Phase 1 (1,500 MW); Ca Na (1,500 MW); Long Son (1,500 MW); Hiep Phuoc Phase 1 (1,200 MW); Long An I (1,500 MW); Long An II (1,500 MW); and Bac Lieu (3,200 MW).

Comments (0)
  • Read More
Vingroup builds development hubs across multiple sectors

Vingroup builds development hubs across multiple sectors

With the groundbreaking and inauguration of 11 large-scale projects on Friday, Vingroup (HoSE: VIC), Vietnam's biggest listed company by market cap, reinforces its role as a pioneering private enterprise in urban development, infrastructure, energy, and industry.

Investing - Sat, December 20, 2025 | 6:32 pm GMT+7

Kinh Bac breaks ground on $437 mln industrial park in northern Vietnam province Thai Nguyen

Kinh Bac breaks ground on $437 mln industrial park in northern Vietnam province Thai Nguyen

Kinh Bac City Development Holding Corp (HoSE: KBC) on Friday broke ground on the VND11.5 trillion ($437.06 million) Phu Binh Industrial Park project in Thai Nguyen province.

Industrial real estate - Sat, December 20, 2025 | 5:46 pm GMT+7

Construction giant Fecon starts work on Hanoi metro line, northern Vietnam rail link

Construction giant Fecon starts work on Hanoi metro line, northern Vietnam rail link

Fecon, a leading Vietnamese construction group, on Friday broke ground on two major rail projects: a metro line in Hanoi and a strategic railway linking the capital city with northern localities.

Infrastructure - Sat, December 20, 2025 | 2:08 pm GMT+7

SJ Group to build smart urban area in western Hanoi to bolster Hoa Lac High-tech Park

SJ Group to build smart urban area in western Hanoi to bolster Hoa Lac High-tech Park

Vietnam's leading developer SJ Group JSC is outlining plans for its over 1,200-hectare Tien Xuan Smart Urban Area project in Hanoi, which is expected to be a residential and service hub of the Hoa Lac science and technology city.

Real Estate - Sat, December 20, 2025 | 10:36 am GMT+7

Indonesia to deepen role in global semiconductor supply chain

Indonesia to deepen role in global semiconductor supply chain

Indonesia is rolling out efforts to identify opportunities and map its natural resources to support the semiconductor industry, as part of a broader strategy to build domestic industrial capacity.

Southeast Asia - Sat, December 20, 2025 | 9:36 am GMT+7

Indonesia to stop rice imports next year

Indonesia to stop rice imports next year

Indonesia will not import rice for either consumption or industrial use next year, citing sufficient domestic production, according to a government official.

Southeast Asia - Sat, December 20, 2025 | 8:00 am GMT+7

Northern Vietnam port city Hai Phong charts sustainable growth path for free trade zone

Northern Vietnam port city Hai Phong charts sustainable growth path for free trade zone

The establishment of Hai Phong Free Trade Zone (FTZ) is a strategic direction that will elevate the role and position of Vietnam in general and Hai Phong in particular within the global value chain, heard a conference held in the northern port city last week.

Economy - Fri, December 19, 2025 | 8:12 pm GMT+7

Construction begins on $32.5 bln Red River Scenic Boulevard project in Hanoi

Construction begins on $32.5 bln Red River Scenic Boulevard project in Hanoi

The gigantic project Red River Scenic Boulevard, with a preliminary investment of about VND855 trillion ($32.49 billion) in Phu Thuong ward, Hanoi, broke ground on Friday.

Real Estate - Fri, December 19, 2025 | 4:57 pm GMT+7

Major Vietnamese groups kick off mega projects in south-central Vietnam

Major Vietnamese groups kick off mega projects in south-central Vietnam

Vingroup, BIN Corporation, Hoa Phat, and FPT simultaneously broke ground on large-scale projects in south-central Vietnam on Friday, raising expectations for new national growth momentum in the coming period.

Economy - Fri, December 19, 2025 | 4:36 pm GMT+7

Mega-airport Long Thanh in southern Vietnam welcomes first passenger flights

Mega-airport Long Thanh in southern Vietnam welcomes first passenger flights

The first passenger flights touched down at Long Thanh International Airport in Dong Nai province on Friday morning, marking the inaugural civil aviation operation at Vietnam’s largest airport.

Economy - Fri, December 19, 2025 | 2:07 pm GMT+7

Vingroup starts work on $35.2 bln Olympic Sports Urban Area on Hanoi outskirts

Vingroup starts work on $35.2 bln Olympic Sports Urban Area on Hanoi outskirts

Vingroup (HoSE: VIC), Vietnam's leading private conglomerate, on Friday broke ground on its 9,171-hectare Olympic Sports Urban Area project in Hanoi, which is expected to become a new growth engine for the southern part of the capital in the next decade.

Real Estate - Fri, December 19, 2025 | 1:59 pm GMT+7

Vietnam telecom giant VNPT establishes AI company

Vietnam telecom giant VNPT establishes AI company

State-owned Vietnam Posts and Telecommunications Group (VNPT) on Thursday launched subsidiary VNPT AI, aiming to bring Vietnamese AI products to international markets.

Companies - Fri, December 19, 2025 | 11:50 am GMT+7

Quang Ngai Sugar develops sugar, biomass power projects worth $179 mln in central Vietnam

Quang Ngai Sugar develops sugar, biomass power projects worth $179 mln in central Vietnam

Quang Ngai Sugar JSC (UPCom: QNS), a top sugar producer in Vietnam, will simultaneously hold groundbreaking or inauguration ceremonies on Friday for three projects worth over VND4.7 trillion ($178.5 million) in Gia Lai province.

Companies - Fri, December 19, 2025 | 8:05 am GMT+7

Vietnam defeat Thailand to win men’s football gold at SEA Games 33

Vietnam defeat Thailand to win men’s football gold at SEA Games 33

After conceding two goals in just over 30 minutes, Vietnam reversed the situation to finally beat host nation Thailand 3-2 in the men’s football final of the 33rd SEA Games.

Travel - Thu, December 18, 2025 | 10:43 pm GMT+7

Sun Group to commence construction on 5 landmark projects worth $5.7 bln

Sun Group to commence construction on 5 landmark projects worth $5.7 bln

Sun Group is scheduled to start construction of five large-scale projects across Vietnam’s three regions on Friday, with a total investment of nearly $5.7 billion.

Companies - Thu, December 18, 2025 | 8:39 pm GMT+7

Unpaid credit card balances in Singapore hit record high in 10 years

Unpaid credit card balances in Singapore hit record high in 10 years

Singapore's credit card debt has exceeded SGD9.07 billion (about $7 billion) in 2025's third quarter, a 10-year high that was last seen in 2014.

Southeast Asia - Thu, December 18, 2025 | 7:54 pm GMT+7