■ Groundbreaking ceremony held in Nghe An Province with more than 300 government and industry representatives in attendance
■ USD 2.3 billion LNG project to serve as a foundation for SK’s Specialized Energy-Industry Cluster (SEIC) model
■ Project to support Vietnam’s industrial advancement through AI infrastructure and community engagement initiatives
SK Innovation, along with Vietnam’s state-run power company PV Power (PetroVietnam Power) and local partner NASU (an affiliate of TH Group), held the Quynh Lap LNG Project Launch and Infrastructure Groundbreaking Ceremony on May 18 in Nghe An Province, Vietnam.
The event took place in the Tan Mai area of Quynh Lap District and was attended by approximately 300 guests, including Choo Hyeong-Wook, President and CEO of SK Innovation, senior officials from Vietnam’s central and local governments, and key representatives from the consortium partners.
Notable attendees included Le Tien Chau, Deputy Prime Minister of Vietnam; Doan Minh Huan, Director of the Ho Chi Minh National Academy of Politics; Nguyen Khac Than, Secretary of the Party Committee of Nghe An Province; and Vo Trong Hai, Chairman of the People’s Committee of Nghe An Province. Representatives from the consortium included Hoang Van Quang, Chairman of PV Power; Le Nhu Linh, President & CEO of PV Power; Thai Huong, Chairwoman of TH Group; and Ngo Van Tu, President of NASU.
The Quynh Lap LNG Project is a large-scale energy infrastructure project that will develop a 1.5GW LNG combined-cycle power plant and LNG terminal in Nghe An Province, approximately 220 kilometers south of Hanoi. With a total investment of approximately USD 2.3 billion, the project is targeted to begin commercial operations by December 2030.
Beyond electricity generation, the project represents a key milestone in realizing SK Group’s Specialized Energy-Industry Cluster (SEIC) model proposed to the Vietnamese government. The initiative aims to create an advanced industrial ecosystem by supplying stable power to nearby high-tech industrial complexes while supporting the development of AI data centers and related infrastructure through a Korea-style AI full-stack value chain.
SK Group Chairman Chey Tae-won and other senior executives have actively engaged with Vietnam’s top leadership, including the General Secretary of the Communist Party and the Prime Minister, to advance long-term cooperation and promote the SEIC vision. SK Group has also supported Vietnam’s National Innovation Center (NIC) as part of broader efforts to foster the country’s high-tech industrial capabilities and strengthen bilateral partnership.
In his commemorative remarks, Vo Trong Hai, Chairman of the People’s Committee of Nghe An Province, said the project is of strategic importance not only to Nghe An Province but also to Vietnam’s national energy strategy, adding that the local government would provide full support to help achieve the targeted commercial operation schedule.
Choo Hyeong-wook, President & CEO of SK Innovation, stated, “This groundbreaking marks a historic first step toward the successful completion of the Quynh Lap Project, while also laying the foundation for strengthening Vietnam’s power infrastructure and fostering an advanced industrial ecosystem. We will continue working closely with our partners, including PV Power and NASU, to ensure the project achieves its goal of commencing commercial operations in 2030 and serves as a key pillar of Vietnam’s energy security.”
Once completed, the project is expected to enhance power supply stability through the national grid while serving as a catalyst for industrial development in the region. Building on the Quynh Lap project, SK Innovation aims to strengthen its position as a future energy solutions provider in Vietnam and expand its global power business portfolio by integrating LNG, energy storage systems (ESS), renewable energy, and small modular reactor (SMR) technologies in collaboration with local partners and government stakeholders.
Ahead of the ceremony, the consortium also carried out community outreach activities, delivering donations and supplies to local residents as part of its commitment to shared growth with the region.
[Photos]
(Photo 1) Participants in the Quynh Lap LNG Project Infrastructure Groundbreaking Ceremony pose for a commemorative photo on May 18 (local time) in the Tan Mai area of Nghe An Province, Vietnam. Attendees included Choo Hyeong-wook, President and CEO of SK Innovation (second from right); Vo Trong Hai, Chairman of the People’s Committee of Nghe An Province (fifth from right); Le Tien Chau, Deputy Prime Minister of Vietnam (sixth from right); Doan Minh Huan, Director of the Ho Chi Minh National Academy of Politics (eighth from right); Nguyen Khac Than, Secretary of the Party Committee of Nghe An Province (seventh from left); Thai Huong, Chairwoman of TH Group (fourth from left); Seo Won-sam, Minister and Consul General at the Embassy of the Republic of Korea in Vietnam (third from left); and Hoang Van Quang, Chairman of PV Power (second from left).
(Photo 2, 3) Bird’s-eye view of the Quynh Lap Project site in Nghe An Province, Vietnam, where the LNG power plant, LNG terminal, and LNG storage tanks will be constructed.
(Photo 4) Choo Hyeong-wook, President and CEO of SK Innovation, delivers congratulatory remarks at the Quynh Lap LNG Project Infrastructure Groundbreaking Ceremony held on May 18 (local time) in the Tan Mai area of Nghe An Province, Vietnam.
