en.Wedoany.com Reported - Vietnam Oil and Gas Group (PV Gas) and Vietnam Electricity Group (EVN) are advancing the implementation of a gas supply agreement for the Quang Trach Phase 2 and Phase 3 liquefied natural gas (LNG) power plants. In April this year, the two sides signed a framework agreement, specifying that the regasified LNG will come from PV Gas's planned North Central LNG receiving terminal. Located in the Vung Ang Economic Zone, the terminal has an initial annual receiving capacity of 3 million tons, with a total investment of approximately VND 26.7 trillion (about $1 billion).

In a statement, EVN said that the two sides' meeting discussed the implementation progress of LNG supply for the Quang Trach Phase 2 and Phase 3 power plants and reviewed technical, investment, and commercial coordination matters. PV Gas plans to complete its internal feasibility study review by August 2026 and submit it to the Ministry of Industry and Trade. Quang Trach Phase 2 is expected to begin gas supply for trial operation from April 2029. Regarding the draft Gas Sales Agreement (GSA), EVN will continue discussions with PV Gas to finalize details, aiming to reach consensus as early as possible to support the overall project progress. The two sides also agreed to continue collaborating to determine the pipeline route, location, and gas station area within the Quang Trach Power Center site.

In February this year, EVN awarded the EPC contract for the Quang Trach Phase 2 LNG power plant in Quang Binh Province to a consortium led by PowerChina and Lilama, with a contract value of VND 25.2 trillion (about $957 million). The power plant has an installed capacity of 1,612 MW, consisting of two units of 806 MW each. The total project investment reaches VND 52.49 trillion (about $2 billion), of which the power plant adopts combined cycle gas turbine (CCGT) technology, with an investment of VND 40.123 trillion; the second part includes LNG storage facilities and a terminal, with an estimated investment of VND 11.8 trillion.

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