SK Innovation, PV Power to build $2.3 billion LNG-to-power project in Vietnam
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February 19, 2026

SK Innovation, PV Power to build $2.3 billion LNG-to-power project in Vietnam

SK Innovation, the energy unit of SK Group, PetroVietnam Power, and Vietnamese company NASU have been selected to build the $2.3 billion Quan Lap LNG-to-power project in Vietnam. This project is a large-scale infrastructure development that includes constructing a 1,500 MW gas-fired combined-cycle power plant, a 250,000-cbm LNG tank, and a dedicated port in the Quan Lap area of Nghe An Province, located 220 km south of Hanoi. According to SK Innovation, the goal is to commence construction in 2027 and complete the terminal and power plant by 2030.

SK Innovation, PV Power to build $2.3 billion LNG-to-power project in Vietnam

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