Urging progress of Hai Lang LNG project phase 1

On November 15, the People's Committee of Quang Tri province said it had a working session with the consortium of investors of the Hai Lang LNG project (phase 1) to implement solutions to promote project progress.

On November 15, the People's Committee of Quang Tri province said it had a working session with the consortium of investors of the Hai Lang LNG project (phase 1) to implement solutions to promote project progress.

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

Perspective of Hai Lang LNG Project.

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

The project will build the Hai Lang LNG Port Warehouse Center, phase 1 to receive liquefied gas tankers from 170,000 to 226,000 m3, with a capacity of receiving 1.5 million tons of liquefied gas/year; Hai Lang Power Center, phase 1 with a power generation capacity of 1,500 MW.

According to the report of the Quang Tri Provincial Economic Zone Management Board, regarding the specific progress of each project task, on August 30, 2024, the investor consortium sent a written report to the Ministry of Industry and Trade, the Office of the State Steering Committee for important national programs, works, and projects, key energy sector projects and the Provincial People's Committee on the project implementation progress plan.

Representatives of the investor consortium attended the meeting.

Accordingly, the consortium of investors is expected to complete the establishment of the project enterprise by early October 2025; complete the approval of the feasibility study (FS) report by November 2024; complete specialized agreements and related legal procedures and site clearance, land lease and complete the bidding for EPC packages, insurance, construction management, operation and maintenance by December 31, 2025; complete financial arrangements and organize construction of project items by January 1, 2026; complete the bidding for LNG purchase by December 31, 2026; complete construction by April 2, 2029, test run and officially put into production and business on December 31, 2029.

Regarding the adjustment of the project investment policy, on October 17, 2024, the consortium of investors submitted the project investment adjustment dossier according to regulations. On October 18, 2024, the Department of Planning and Investment issued a document to seek appraisal opinions from relevant departments, agencies and units.

Up to now, departments, branches and Hai Lang District People's Committee have given their opinions, the Department of Planning and Investment is synthesizing. At the meeting, the investor consortium proposed the contents for submitting the appraisal of documents related to adjusting the investment policy and detailed construction planning at a scale of 1/500 to have sufficient basis for approval, including: Appraisal of FS report; document approving the environmental impact assessment report; document agreeing on grid connection, document agreeing on LNG terminal, and waterway.

Permanent Vice Chairman of Quang Tri Provincial People's Committee Ha Sy Dong spoke at the meeting.

Speaking at the meeting, Standing Vice Chairman of Quang Tri Provincial People's Committee Ha Sy Dong requested the consortium of investors to soon set up a representative office in Quang Tri; continue to coordinate with the Provincial Economic Zone Management Board and relevant departments, branches and localities to promptly remove difficulties and obstacles in the process of implementing procedures to adjust investment policies and adjust detailed construction planning at a scale of 1/500; coordinate with the Department of Industry and Trade to study and consult with central ministries and branches in separating the separate factory part and the 500 kV line connected separately in the feasibility study report to speed up the approval process of the factory part first, as a basis for implementing the next steps.

At the same time, Vice Chairman Ha Sy Dong also requested the investor consortium to urgently promote with partners to negotiate and sign LNG gas purchase and sale contracts to ensure the proposal of competitive electricity purchase and sale prices in order to soon complete project investment procedures...

The Standing Vice Chairman of the Quang Tri Provincial People's Committee assigned 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 work and submit it to the Prime Minister for approval of local adjustments to the general planning for the construction of the Southeast Economic Zone; at the same time, assigned departments, units and localities based on their functions and tasks to continue to coordinate, implement and urge and guide the investor consortium to perform the tasks assigned by the Provincial People's Committee during the project implementation process.

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