Three investor groups register for Ho Chi Minh City LNG power plant project valued at nearly VND 4 trillion
Ho Chi Minh City’s Department of Industry and Trade has released the record of opening investor registration files for the Long Sơn LNG power plant project. Two consortia and one Vietnamese company registered. The project has an estimated investment of VND 39.867 trillion, a designed capacity of 1,500 MW and a planned start of operations in June 2031.
Ho Chi Minh City’s Department of Industry and Trade has released the record of opening investor registration files for the Long Sơn LNG power plant project. The applicants are a consortium of T&T Group (CTCP Tập đoàn T&T) and TotalEnergies Gaz & Electricite Holdings; a consortium of EVNGENCO3 (Tổng công ty Phát điện 3) and AG&P Terminals & Logistics (Singapore) Pte. Ltd.; and CTCP Tập đoàn Ngọc Long Hải Sơn. Publication of the applicant list does not mean an investor has been selected for the project.
The project has an estimated total investment of VND 39.867 trillion and a designed capacity of 1,500 MW. It will occupy about 42.56 hectares in Long Sơn Commune, Ho Chi Minh City, outside the Long Sơn Oil and Gas Industrial Park. Plans call for combined-cycle gas turbine technology using mainly imported liquefied natural gas, to be supplied through pipelines connected to the Cái Mép and Đông Nam Bộ LNG facilities. The electricity generated is planned to enter the national grid through a 500 kV line, with operations expected to begin in June 2031.
T&T Energy Group, part of T&T Group, and TotalEnergies Gas & Power Activities exchanged a memorandum of cooperation in Paris, France, on September 10, 2026. Under the proposed cooperation, TotalEnergies would participate in the investment and development of the power plant and LNG infrastructure, fuel supply and financing arrangements. T&T Energy Group would serve as a co-developer and coordinate legal procedures and communication with regulators in Vietnam.
In the other consortium, EVNGENCO3 is a power generation company, while its partner, AG&P Terminals & Logistics, develops LNG receiving, storage and supply facilities. The general director of the third applicant, CTCP Tập đoàn Ngọc Long Hải Sơn, Phạm Ngọc Sơn, said the company began studying and preparing to invest in the project about 10 years ago. The company has also proposed building a trunk gas pipeline to serve LNG projects in Vietnam.
Source: VietVance
