Progress Update: LNG Supply Project for Quang Trach 2 and 3 Power Plants as of June 17, 2026
On June 17, 2026, Vietnam Electricity (EVN) and PetroVietnam Gas Corporation (PV GAS) convened a crucial online meeting to review and update the implementation progress of the Liquefied Natural Gas (LNG) supply project for the Quang Trach 2 and 3 Power Plants. The meeting also served to coordinate on technical, investment, and commercial aspects to ensure alignment among related projects.
Project Background and Strategic Importance
The LNG supply project for Quang Trach 2 and 3 Power Plants represents a cornerstone in Vietnam's energy transition strategy, aiming to reduce dependency on coal and develop cleaner energy sources. With each power plant designed for a capacity of 1,320 MW, these two thermal power projects play a pivotal role in the national power system, particularly in the Central region of Vietnam.
The transition from coal to LNG not only helps reduce greenhouse gas emissions but also improves operational efficiency and reduces long-term costs for thermal power plants. However, this project also presents significant challenges regarding technical infrastructure, supply sources, and economic viability.
Key Discussion Points from the Online Meeting
The online meeting, co-chaired by leadership from EVN and PV GAS, included participation from member units and relevant partners. Key discussion points included:
- Updates on construction progress for the power plants
- Status of implementing the LNG receiving, storage, and distribution system
- Coordination of investment plans between EVN and PV GAS
- Collaboration in negotiating long-term LNG purchase contracts
- Technical solutions for issues arising during implementation
Project Implementation Progress
According to the report presented during the meeting, the project is proceeding according to schedule with the following key milestones:
| Project Component | Expected Completion | Current Status |
|---|---|---|
| Construction of Quang Trach 2 Power Plant | Q3/2027 | 45% of volume completed |
| Construction of Quang Trach 3 Power Plant | Q1/2028 | 30% of volume completed |
| LNG Receiving Terminal | Q2/2027 | 60% of volume completed |
| LNG Pipeline Network | Q4/2027 | 40% of volume completed |
| LNG Storage System | Q1/2028 | 35% of volume completed |
Challenges and Proposed Solutions
During implementation, the project has encountered several significant challenges:
- Complexity of LNG Technology: Requires high technical standards and specialized operational expertise
- Dependency on International LNG Supply: Price volatility and supply policies from export markets
- Transportation and Logistics Infrastructure: Ensuring safe and efficient LNG transportation from port to plant
- Lack of Specialized Human Resources: Demand for skilled engineers and workers in the LNG sector
To address these challenges, EVN and PV GAS have agreed on comprehensive solutions:
- Strengthening cooperation with international experts and experienced technology partners
- Diversifying LNG supply sources and signing long-term contracts with reputable suppliers
- Investing in upgrading seaport infrastructure and local logistics systems
- Implementing training programs and technology transfer for Vietnamese technical teams
Long-term Vision
The LNG project for Quang Trach 2 and 3 Power Plants is not merely an isolated initiative but a strategic step in Vietnam's energy transition roadmap. The success of this project will establish the foundation for developing additional LNG-fired thermal power plants nationwide, contributing to the modernization of the national power system and reduction of greenhouse gas emissions.
According to plans, by 2030, the proportion of LNG in Vietnam's total electricity generation is expected to reach approximately 15-20%, significantly reducing dependence on coal and traditional fossil fuels.
Conclusion
The online meeting on June 17, 2026, between EVN and PV GAS reaffirmed the strong commitment of both corporations to accelerate the LNG project for Quang Trach 2 and 3 Power Plants. By enhancing coordination on technical, investment, and commercial aspects, the parties expect to complete the project on schedule, contributing to energy security and sustainable development for Vietnam's future.
The successful transition from coal to LNG at major thermal power plants like Quang Trach will create opportunities for Vietnam to attract investment in clean energy and advanced technology sectors, while simultaneously enhancing the country's international standing in renewable energy and emission reduction efforts.