The Thai Binh LNG (Liquefied Natural Gas)-to-Power project in Hung Yen province, Vietnam, has reportedly signed a technical advisory contract with Sweden’s AFRY. The project is being developed by Thai Binh LNG Power JSC, a joint venture between Japan’s Tokyo Gas and Kyuden International and Vietnam’s Truong Thanh Vietnam Group, it is reported.
Under the contract, AFRY will provide technical advisory services for the offshore LNG receiving facilities (subsea gas pipeline, buoy mooring system, etc.) and the combined cycle power plant (CCPP), it is reported. The project site covers 269.4 hectares, and the power generation facility will consist of two gas turbines, it is reported.
Total investment is reported at approximately $2 billion (with some sources citing $2.69 billion), and the installed capacity is reported at 1,500MW across two turbines. Commercial operation is targeted for the fourth quarter of 2028 for Unit 1 and the fourth quarter of 2029 for Unit 2.
Vietnam is reportedly expanding combined cycle power plants linked to LNG import infrastructure in response to rising power demand, and this project is regarded as a representative example of that trend.
This case illustrates how the integrated development of LNG import terminals and power plants is becoming an established model for meeting power demand in Southeast Asia.
The timing of EPC contract awards for the offshore LNG receiving facilities and the power plant is worth watching.