SK Innovation, PetroVietnam Power and NASU have held a groundbreaking ceremony for the Quynh Lap LNG project in Vietnam’s Nghe An Province.
The event took place on 18 May 2026 in the Tan Mai area of Quynh Lap District and was attended by around 300 representatives from Vietnam’s central and local governments, alongside executives from the consortium partners.
The Quynh Lap project will develop a 1.5 GW LNG combined-cycle power plant and LNG terminal in Nghe An Province. The site is located approximately 220 km south of Hanoi.
Total investment in the project is estimated at around $2.3 billion, with commercial operations targeted for December 2030.
SK Innovation said the project forms part of SK Group’s specialized energy-industry cluster model proposed to the Vietnamese government. The initiative is intended to provide stable electricity supply for nearby high-tech industrial complexes and support AI data centers and related infrastructure.
Following completion, the project is expected to strengthen power supply stability through Vietnam’s national grid while supporting industrial development in the surrounding region.
Ahead of the ceremony, the consortium also conducted community support activities, including donations and supplies for local residents.
SK Innovation said it plans to expand its energy business portfolio in Vietnam through collaboration with local partners and government stakeholders across LNG, energy storage systems, renewable energy and small modular reactor technologies.
