Samsung C&T, Lilama ink EPC deal to build Vietnam’s LNG power plants

South Korea’s Samsung C&T and Vietnamese contractor Lilama have officially signed a deal with PetroVietnam Power, a unit of PetroVietnam, to build two new power plants that will run on LNG.

Samsung C&T said last month that the consortium won the contract to build the Nhon Trach 3 and 4 combined cycle power plant plants with a combined capacity of 1,500 megawatts.

The firm said then that the contract was worth about $835 million, of which Samsung C&T would receive $510 million and lead the project.

Lilama said in a statement on Monday that the partners and PetroVietnam Power had signed the EPC deal for the two plants during a ceremony in Vietnam.

According to, Lilama the contract has a price tag of about $940 million while the entire project is worth $1.4 billion.

Nhon Trach 3 and Nhon Trach 4 would use GE gas turbines and should start commercial power generation between 2024 and 2025, the firm said.

Thes power plants will get regasified LNG from the Thi Vai LNG terminal in the coastal area southeast of Ho Chi Minh City, also built by Samsung C&T.

PetroVietnam Gas, a unit of state-owned PetroVietnam, recently said it aims to launch its new Thi Vai LNG import terminal, the country’s first such facility, in the fourth quarter of this year.

Following the commissioning phase, the onshore LNG receiving terminal at Thi Vai in the coastal area southeast of Ho Chi Minh City would start commercial operations in 2023.

This facility in the Ba Ria-Vung Tau province will have a capacity of 1 mtpa in its first phase, while the company plans to boost the capacity to 3 mtpa in the next stage.

- Advertisements -

Most Popular

DSME cancels third LNG carrier order linked to Sovcomflot

South Korean shipbuilding giant Daewoo Shipbuilding and Marine Engineering has terminated an order for another LNG carrier after a...

Woodside delivers Australian LNG cargo to Germany’s Uniper via Dutch Gate terminal

LNG player Woodside said it had delivered an LNG cargo from its North West Shelf project in Australia to...

QatarEnergy, ConocoPhillips ink long-term LNG deal to supply Germany

State-owned QatarEnergy has signed two long-term contracts with US energy firm ConocoPhillips to supply Germany with liquefied natural gas...

More News Like This

Marubeni, Tokyo Gas, PetroVietnam establish Quang Ninh LNG power JV

Japan's Marubeni and Tokyo Gas have joined forces with PetroVietnam Power and Colavi to establish Quang Ninh LNG Power...

Samsung C&T scores solar plant gig from QatarEnergy

LNG producing giant QatarEnergy has awarded an engineering, procurement and construction (EPC) contract to South Korea’s Samsung C&T for...

PetroVietnam Gas says Thi Vai LNG import terminal nearing completion

PetroVietnam Gas, a unit of state-owned PetroVietnam, still expects to launch its new Thi Vai LNG import terminal in...

GE secures turbine order for Vietnam’s LNG power plant

GE said it has secured an order from South Korea's Samsung C&T to provide equipment for PetroVietnam Power’s two...