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Just one project worth more than 57,000 billion VND but possessing a capacity equivalent to many large power plants combined. Will Ca Na LNG become a "strategic card" to help Vietnam avoid the risk of electricity shortages in the next decade?
Ca Na LNG Thermal Power Plant Project is emerging as one of the largest key energy projects in Vietnam today. With a total investment capital of about 57,385 billion VND, equivalent to more than 2.2 billion USD, the project was assigned to Trung Nam - Sideros River Joint Venture to develop and is expected to be put into operation before 2030.
It is worth noting that this is one of the first LNG projects in Vietnam to have investors selected through bidding, marking an important step in developing the LNG gas and electricity market under a competitive mechanism.
Overview of Ca Na LNG project
Category Information
Investor Joint venture Trung Nam – Sideros River
Total investment capital is 57,385 billion VND
Factory capacity 1,500 MW
Combined cycle gas turbine technology
LNG warehouse 1 - 1.2 million tons/year
DiaCa Na commune, Khanh Hoa province
Operational target Before 2030
With a capacity of 1,500 MW, Ca Na LNG is capable of providing electricity to millions of households and plays an important role as a base power source for the South Central region.
Why is LNG Ca Na considered a super project?
Not just a regular power plant, LNG Ca Na is an energy complex integrating many large-scale items.
Included
✅ 1,500 MW LNG gas power plant
✅ Imported LNG storage
✅ Regasification system
✅ Specialized port receiving LNG ships
✅ Breakwaters and maritime infrastructure
This helps form a complete LNG energy hub instead of just a single power generation plant.
Compare with some large LNG projects in Vietnam
Capacity Project
LNG Ca Na 1,500 MW
LNG Nhon Trach 3 and 4 1,624 MW
LNG Long An I and II 3,000 MW
LNG Hai Lang 1,500 MW
Bac Lieu LNG 3,200 MW
Although not the largest project in terms of capacity, LNG Ca Na has a special advantage thanks to its strategic location near international maritime routes and the Ca Na deep-water port cluster.
Expected economic impact
Impact Indicators
Attracting investment tens of trillions of VND
Construction jobs Thousands of workers
Operational jobs Hundreds of high-tech workers
Budget revenue increased sharply during operation
CongLNG supporting industries, logistics, seaports
Many experts assess that the Ca Na region has the potential to develop into a new energy industry center of the Central region, similar to the model of energy clusters in Qatar, UAE or Oman.
LNG is becoming an inevitable trend
In the context of many coal-fired power projects facing environmental and capital difficulties, LNG is considered an important transition solution.
Advantages of LNG
✔ Reduced CO₂ emissions compared to coal
✔ High power generation efficiency
✔ Fast startup
✔ Suitable to supplement wind and solar power
✔ Increase the flexibility of the national electricity system
According to Power Plan VIII, LNG gas power will become one of the new pillars of Vietnam's energy system in the period 2030–2050.
What the market is concerned about
Even though investor selection has been completed and important contracts have been signed, investors are still closely monitoring the actual implementation progress.
Factors of interest include:
Future imported LNG prices
Ability to arrange international capital
Progress of seaport infrastructure
Ability to connect to power transmission
Global energy market fluctuations
If implemented on schedule, Ca Na LNG will be one of the largest LNG gas power projects ever builtbuilt in Vietnam and play an important role in ensuring national energy security in the coming period.
A power plant worth more than 57,000 billion VND, with a capacity of 1,500 MW and an entire LNG ecosystem behind it. In your opinion, will Ca Na LNG become a new energy symbol of Vietnam or are there still many challenges ahead?
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