Agree on investment policy for LNG Gas Warehouse Project in Hoanh Son Ward

(Baohatinh.vn) - The total investment capital for phase 1 of the North Central LNG Warehouse Project (also known as Vung Ang LNG Warehouse, Ha Tinh) is approximately 27,000 billion VND.

The Party Executive Committee of Ha Tinh province met and agreed on the investment policy for the North Central LNG Warehouse Project (also known as Vung Ang LNG Warehouse) in Hoanh Son ward. This is a large-scale energy project of strategic significance in ensuring energy security and promoting industrial development in the South of Ha Tinh.

The project is invested by PetroVietnam Gas Joint Stock Corporation (PV GAS) in Hoanh Son ward, Ha Tinh.

The project is invested by Vietnam Gas Corporation - Joint Stock Company (headquartered in Ho Chi Minh City), with a total area of ​​about 53 hectares of land and 426 hectares of water surface (area, scope, and boundaries of the project will be specifically determined during the process of preparing the feasibility study report, detailed planning, and implementation of land procedures). The construction site is in Hoanh Son ward, Ha Tinh.

Project scale: Phase 1 (2029-2030) is 1-3 million tons of LNG/year; Phase 2 (after 2030) will study to expand capacity according to the planning approved by competent authorities and market demand.

Total investment capital (phase 1) is about 26,735.5 billion VND. Of which, the owner's capital contribution is 8,020.7 billion VND; borrowed capital and other mobilized capital is 18,714.8 billion VND. The project's operation period is 35 years, from the date of the decision on land allocation and land lease.

The project, when put into operation, will meet the gas supply for gas power plant projects according to the adjusted Power Plan VIII (LNG Thermal Power Plants Vung Ang III, Quang Trach II, Quang Trach III), and at the same time meet the needs of businesses and projects using LNG in the Vung Ang Economic Zone and surrounding areas; contributing to job creation, increasing budget revenue and developing the local socio-economy.

Source: https://baohatinh.vn/thong-nhat-chu-truong-dau-tu-du-an-kho-khi-lng-tai-phuong-hoanh-son-post292921.html