SK Innovation, PV Power, and NASU to build LNG-to-power project in Vietnam

SK Innovation, PetroVietnam Power, and NASU's collaboration on the $2.3 billion Quan Lap LNG-to-power project in Vietnam represents a significant investment in the country's energy infrastructure. The project, encompassing a 1,500 MW gas-fired combined-cycle power plant, a 250,000-cbm LNG tank, and a dedicated port, aims to bolster Vietnam's power generation capacity and diversify its energy sources. SK Innovation, leveraging the expertise of its affiliate SK E&S in LNG and energy solutions, is positioned to play a key role in the development and execution of this large-scale project alongside PetroVietnam Power and NASU. The Quan Lap project is notable for its substantial investment value and the involvement of major players in the energy sector. The project's scale, including the 1,500 MW power plant and the large LNG storage facility, underscores its importance to Vietnam's energy security. The participation of SK Innovation, a subsidiary of the South Korean conglomerate SK Group, and PetroVietnam Power, a key player in Vietnam's power generation market, lends credibility and expertise to the project. This development highlights the increasing trend of international collaboration in addressing growing energy demands in Southeast Asia.