{"id":154164,"date":"2026-02-20T14:36:43","date_gmt":"2026-02-20T05:36:43","guid":{"rendered":"https:\/\/askinno.com\/global\/?p=154164"},"modified":"2026-02-20T17:16:32","modified_gmt":"2026-02-20T08:16:32","slug":"sk-innovation-to-lead-usd-2-3-billion-lng-mega-project-in-vietnam","status":"publish","type":"post","link":"https:\/\/askinno.com\/global\/archives\/154164","title":{"rendered":"SK Innovation to Lead USD 2.3 Billion LNG Mega Project in Vietnam"},"content":{"rendered":"\n

\u25a0<\/strong> Development of a 1.5GW gas-fired power plant, LNG terminal, and dedicated port in Nghe An Province, Vietnam, targeted for completion by 2030<\/strong><\/strong><\/strong><\/strong><\/p>\n\n\n\n

\u25a0 Showcasing SK Innovation\u2019s integrated LNG value chain, from global supply to power generation<\/strong><\/p>\n\n\n\n

\u25a0<\/strong> Introducing the Specialized Energy-Industry Cluster (SEIC) model to drive Vietnam\u2019s economic development and ensure a stable energy supply<\/strong><\/strong><\/strong><\/strong><\/p>\n\n\n\n

SK Innovation has been selected to lead a landmark LNG power project in Vietnam, marking a significant step in the company\u2019s global energy strategy. The project, valued at approximately USD 2.3 billion (about KRW 3.3 trillion), will be developed in Nghe An Province, located in north-central Vietnam.<\/p>\n\n\n\n

The consortium, comprising SK Innovation, PV Power (PetroVietnam Power Corporation, a subsidiary of Vietnam\u2019s state-run PetroVietnam group), and Vietnamese company NASU, has been designated by the government of Nghe An Province as the project developer for the Quynh Lap LNG Power Project. This initiative will establish a 1,500MW combined cycle gas power plant, a 250,000m\u00b3 LNG terminal, and a dedicated port in the Quynh Lap region, approximately 220 kilometers south of Hanoi. Construction is scheduled to begin in 2027 and be completed by 2030.<\/p>\n\n\n\n

SK Innovation\u2019s participation brings together its proven expertise in LNG power generation and its global LNG value chain, complementing the local strengths of its Vietnamese partners. This collaborative approach is expected to deliver optimal synergy and contribute to the region\u2019s long-term energy and industrial development.<\/p>\n\n\n\n

The Quynh Lap LNG Power Project attracted interest from leading global companies, with participants from Korea, Japan, and Qatar advancing through the initial bidding and preliminary evaluation in 2024. The final project developer selection was conducted among these shortlisted firms in January 2026.<\/p>\n\n\n\n

SK Innovation is also considering expanding the LNG terminal into a regional hub, supplying gas to nearby power plants. This approach is expected to enhance project efficiency, ensure timely energy supply, and support the integrated growth of energy infrastructure and industry, in line with Vietnam\u2019s national development plans.<\/p>\n\n\n\n

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