Thanh Hóa LNG Terminal

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Thanh Hóa LNG Terminal is a proposed LNG import terminal in Thanh Hóa Province, Vietnam.

Location

The project is proposed in Thanh Hóa Province, Vietnam. Articles mention it will be located south of Hanoi, Vietnam, and there is some evidence that it could be located at Nghi Sơn Port. This is the approximated location as of September 2023.

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Project details

• Operator:
• Owner:
• Parent company:
• Location:
• Coordinates: 19.307579, 105.820986 (approximate)
• Capacity: 1.2 mtpa
• Trains:
• Status: Proposed
• Type: Import
• Start year: before 2030
• Cost: US$2.4 billion (for the whole facility, including the pre-construction Nghi Son Power Station)
• Financing:
• FID Status:
• Associated infrastructure: Nghi Son Power Station

Background

The terminal was proposed in August 2023 when the head of Vietnam's Thanh Hóa Province and Thai energy developer Gulf Group provisionally agreed to build an LNG terminal south of Hanoi.

As of March 2024, Thanh Hóa Province was considering proposals from five investors: a joint venture between JERA Co Inc and Sovico Group; a consortium of Korea Southern Power Company (KOSPO), Korea Gas Corporation (KOGAS), Daewoo Engineering & Construction Group (Daewoo E&C) and Anh Phát Construction and Trading Investment JSC (APT); Gulf Energy Development Public Co Ltd; SK E&s Co Ltd; and a joint venture between Vietnam Oil and Gas Power Corporation (PV POWER) and T&T Group JSC (T&T Group). The project will entail the Nghi Son Power Station, a 1500 MW LNG-fired power plant, an LNG import terminal, and other supporting infrastructure, estimated to cost a total of US$2.4 billion. Commercial operation of the project is planned for before 2030.