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.