Deputy Prime Minister Nguyen Chi Dung met with SK Group’s chairman Tae-Won Chey on the sidelines of the Future of Asia Conference on May 25 in Tokyo.

During the meeting, chairman Chey provided detailed updates on SK’s proposed investment plans. The group is exploring the development of three special energy-industrial clusters (SEICs), the core being liquefied natural gas (LNG) projects. SK aims to roll out a comprehensive energy solution package across Vietnam.

The three SEICs would include the North Central AI Energy-Industrial Complex in Nghe An and Thanh Hoa; the South Central ‘E-Logistics’ SEIC in Ninh Thuan; and the Mekong Delta Energy-Agriculture SEIC.

For the North Central AI SEIC, SK envisions transforming the area into a high-tech industrial and energy hub. The centrepiece would be the integrated Nghi Son- Quynh Lap LNG Power Project with an estimated total investment of $4.1 billion.

The venture comprises two LNG power plants, each with a capacity of 1,500MW, located in Nghi Son and Quynh Lap, respectively. A shared onshore LNG terminal in Quynh Lap would support both plants, with a storage capacity of up to 2.4 million tonnes per year.

Supporting infrastructure would include an LNG import port, breakwaters, and auxiliary facilities necessary for LNG import operations. The total land requirement is estimated at 424ha, with 88.6ha onshore and 335ha offshore.

Looking ahead, SK also proposes the construction of a third 1,500MW LNG power plant in Thanh Hoa. The power generated from these projects would support the development of a 10,000sq.m AI data centre near Nghi Son power plant.

In Ninh Thuan province, SK’s proposal includes the development of the 1,500MW LNG-fuelled Ca Na Power Plant and a 240,000cub.m LNG terminal, along with related technical infrastructure.

The estimated investment for this phase is around $2.4 billion, requiring approximately 143ha of land and 232ha of sea area.

In the long term, SK plans to build another 1,500MW LNG power plant in Ca Na, increasing the total investment in the province to approximately $4 billion.

Source: VIR