SK Innovation, in a strategic consortium with PetroVietnam Power and Vietnamese partner NASU (an affiliate of TH Group), recently celebrated the groundbreaking ceremony for the landmark Quynh Lap Liquefied Natural Gas (LNG) project in Vietnam’s Nghe An province. This significant event marks a pivotal moment for **Vietnam’s energy sector** and future industrial growth.
The prestigious ceremony gathered key industry leaders, including SK Innovation CEO Choo Hyeong-wook, PV Power Chairman Hoang Van Quang, PV Power President Le Nhu Linh, TH Group Chair Thai Thi Huong, and NASU CEO Ngo Van Tu, highlighting the collaborative commitment to this **major infrastructure project**.
Valued at an impressive $2.3 billion, the Quynh Lap LNG project is set to develop a state-of-the-art 1.5-gigawatt LNG combined-cycle power plant alongside a dedicated LNG terminal. Strategically located in Nghe An province, approximately 220 kilometers south of Hanoi, this ambitious development is targeting completion by December 2030, promising to significantly bolster **Vietnam’s power generation capacity**.
SK Innovation further highlighted that the Quynh Lap project represents the inaugural implementation of SK Group’s innovative “specialized energy-industry cluster” model within Vietnam, setting a new standard for integrated **energy solutions and industrial development**.
This groundbreaking initiative uniquely integrates the development of advanced AI data centers adjacent to key industrial complexes. These data centers will be efficiently powered by the new LNG power plant, leveraging what SK describes as a Korean-style AI full-stack value chain. This holistic approach is designed to provide robust support for **Vietnam’s accelerating industrial development and technological advancement**.
Addressing attendees, SK Innovation CEO Choo Hyeong-wook emphasized the project’s profound impact: “The groundbreaking ceremony marks an important milestone for addressing Vietnam’s power shortages and fostering an advanced industrial ecosystem.” This statement underscores the project’s strategic importance for **Vietnam’s energy security and economic growth**.
He further affirmed SK Innovation’s commitment, stating, “We will work closely with PV Power and NASU to make this project a key pillar of Vietnam’s energy security.” This collaborative effort aims to establish the Quynh Lap LNG project as a foundational element in **securing Vietnam’s future energy needs**.
