SK Innovation, a subsidiary of the South Korean SK Group, Vietnam’s state-run energy company PV Power (PetroVietnam Power)and local partner NASU, a subsidiary of TH Group, held a groundbreaking ceremony for the liquefied natural gas (LNG) project, which is expected to support Vietnam’s industrial progress through artificial intelligence (AI) infrastructure and community engagement initiatives.
SK Innovation, PetroVietnam Power and NASU held the conference Quynh Lap LNG ProjectLaunching and groundbreaking ceremony for the infrastructure on May 18, 2026, in Nghe An Province, Vietnam. The event, which was held in Tan Mai District in Quynh Lap District, was attended by nearly 300 guests, including Chu Heung Wuc, President and CEO of SK Innovation, senior officials from the central and local governments of Vietnam, and key representatives from the consortium partners.
He was among the attendees Lu Tian ZhaoDeputy Prime Minister of Vietnam; Duan Minh HoanDirector of the Ho Chi Minh National Academy of Politics; Nguyen Khac ThanhSecretary of the Nghe An Provincial Party Committee; and Fu in twoChairman of the Nghe An Provincial People’s Committee. List of representatives from the consortium included Hoang Van QuangChairman of the Board of Directors of Photovoltaic Energy; If he is softPresident and CEO of PV Power; Tai HongPresident of TH Group; and NGO Fan TuPresident of Nassau.
Cho Hyung WookPresident and CEO of SK Innovation commented: “This achievement represents a historic first step towards the successful completion of the Quynh Lap project, while also laying the foundation for enhancing Vietnam’s energy infrastructure and promoting an advanced industrial ecosystem. We will continue to work 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.”
The Quynh Lap LNG project is described as a large-scale energy infrastructure project that will develop a 1.5 GW LNG combined cycle power plant and LNG terminal in Nghe An Province, about 220 kilometers south of Hanoi. With a total investment of approximately US$2.3 billion, the project is scheduled to begin commercial operations by December 2030.
According to SK Innovation, the project represents a milestone in the realization of SK Group’s SEIC model proposed to the Vietnamese government to create an advanced industrial ecosystem by providing stable power to nearby high-tech industrial parks while supporting the development of AI data centers and related infrastructure through a Korean-style integrated AI value chain.
Upon completion, the LNG project is expected to enhance the stability of energy supply through the national grid while acting as a catalyst for industrial development in the region. Prior to the ceremony, the coalition also carried out community outreach activities, providing donations and supplies to residents as part of its commitment to shared growth with 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 energy business portfolio by integrating LNG technologies, energy storage systems (ESS), renewable energy and small modular reactors (SMR) in collaboration with local partners and government stakeholders.
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