Ha Tinh (VNA) – The People’s Committee of Ha Tinh province has approved the investment policy and investor for the North Central LNG Terminal project, to be located in Hoanh Son ward and developed by the Petrovietnam Gas Joint Stock Corporation (PV GAS).
Under Decision No. 41/QD-UBND issued on September 18, the project aims to supply liquefied natural gas (LNG) to thermal power plants outlined in the revised Power Development Plan VIII, including Quang Trach 2, Vung Ang 3, and Quang Trach 3, as well as to other industrial consumers in the region.
The project will have a total investment of approximately 26.74 trillion VND (over 1.01 billion USD), with 8.02 trillion VND coming from the investor’s equity and 18.7 trillion VND from loans and other mobilised capital sources.
It will be implemented in two phases. During its first phase from 2029 to 2030, the project is expected to have a capacity of 1–3 million tonnes of LNG per year. During the second phase after 2030, expansion will be studied based on approved plans and market demand.
The project is planned to operate for 35 years from the date of land allocation, with completion and full operation expected in the fourth quarter of 2029.
Once operational, the terminal is expected to create a large number of jobs, increase local budget revenue, and boost economic restructuring toward a higher share of industry and services in Ha Tinh province.
To ensure the project’s smooth implementation, the provincial People’s Committee has assigned specific responsibilities to relevant departments and agencies including the Department of Finance, the Ha Tinh Economic Zone Authority, the Department of Construction, and the People’s Committee of Hoanh Son ward./.
