Expedite the progress of the Hai Lang LNG project, phase 1.

On November 15th, the Quang Tri Provincial People's Committee announced that it had held a meeting with the consortium of investors for the Hai Lang LNG project (phase 1) to implement solutions to accelerate the project's progress.

On November 15th, the Quang Tri Provincial People's Committee announced that it had held a meeting with the consortium of investors for the Hai Lang LNG project (phase 1) to implement solutions to accelerate the project's progress.

The Hai Lang LNG project (phase 1) is being implemented by a consortium of investors: T&T Group (Vietnam) and Hanwha Energy Corporation – HEC, Korea Gas Corporation – KOGAS, and Korea Electric Power Corporation – KOSPO (from South Korea). The project commenced in January 2022 in the Southeast Quang Tri Economic Zone.

Rendering of the Hai Lang LNG Project.

According to the investment registration certificate, the total investment capital of the project is VND 53,668 billion, equivalent to USD 2.32 billion, of which the capital contribution of the consortium of investors to implement the project is VND 13,416 billion.

The project will construct the Hai Lang LNG Terminal Center, Phase 1, capable of receiving liquefied natural gas (LNG) carriers with a capacity of 170,000 to 226,000 m3, with a receiving capacity of 1.5 million tons of LNG per year; and the Hai Lang Power Center, Phase 1, with a generating capacity of 1,500 MW.

According to a report from the Quang Tri Provincial Economic Zone Management Board, regarding the specific progress for each task of the project, on August 30, 2024, the consortium of investors submitted a report to the Ministry of Industry and Trade , the Office of the State Steering Committee for National Key Programs, Works, and Projects in the Energy Sector, and the Provincial People's Committee on the project implementation schedule.

Representatives of the consortium of investors attended the meeting.

Accordingly, the consortium of investors expects to complete the establishment of the project company by early October 2025; complete the approval of the feasibility study (FS) report by November 2024; complete specialized agreements and related legal procedures, as well as land clearance, land lease, and the bidding process for EPC, insurance, construction management, operation, and maintenance packages by December 31, 2025; complete the financial arrangements and construction of project components by January 1, 2026; complete the bidding for LNG procurement by December 31, 2026; and complete construction, commissioning, and officially commence production and business operations by April 2, 2029, on December 31, 2029.

Regarding the adjustment of the project's investment policy, on October 17, 2024, the consortium of investors submitted the revised investment project dossier in accordance with regulations. On October 18, 2024, the Department of Planning and Investment issued a document requesting opinions from relevant departments, agencies, and units for appraisal.

To date, the departments, agencies, and the People's Committee of Hai Lang district have provided their input, and the Department of Planning and Investment is currently compiling it. At the meeting, the consortium of investors proposed several points regarding the submission of documents related to the adjustment of the investment policy and the new 1/500 scale detailed construction plan for approval, including: appraisal of the FS report; approval document for the environmental impact assessment report; agreement on grid connection; agreement on the LNG terminal and waterway.

Mr. Ha Sy Dong, Standing Vice Chairman of the Quang Tri Provincial People's Committee, delivered a speech at the meeting.

Speaking at the meeting, the Standing Vice Chairman of the Quang Tri Provincial People's Committee, Ha Sy Dong, directed the consortium of investors to establish a representative office in Quang Tri soon; to continue coordinating with the Provincial Economic Zone Management Board and relevant departments, agencies, and localities to promptly resolve difficulties and obstacles in the process of adjusting the investment policy and adjusting the detailed construction planning at a scale of 1/500; and to coordinate with the Department of Industry and Trade to research and consult with central ministries and agencies on separating the factory and the 500 kV connecting power line in the feasibility study report to expedite the approval of the factory first, as a basis for implementing the next steps.

At the same time, Vice Chairman Ha Sy Dong also requested the consortium of investors to urgently proceed with negotiations and signing of LNG purchase and sale contracts with partners to ensure a competitive electricity purchase and sale price proposal, in order to quickly complete the investment procedures for the project…

The Standing Vice Chairman of the Quang Tri Provincial People's Committee instructed the Provincial Economic Zone Management Board to coordinate with the Department of Construction to work with the Ministry of Construction and the Government Office to promptly complete the appraisal and submit to the Prime Minister for approval the partial adjustment of the general construction plan for the Southeast Economic Zone; at the same time, he instructed relevant departments, units, and localities to continue coordinating, implementing, and urging the investor consortium to carry out the tasks assigned by the Provincial People's Committee during the project implementation process, based on their functions and duties.

Source: https://baodautu.vn/don-doc-tien-do-du-an-lng-hai-lang-giai-doan-1-d230097.html