Three Investors Vie for Nearly VND 40 Trillion Long Sơn LNG Power Project in Ho Chi Minh City
Ho Chi Minh City's Department of Industry and Trade has announced that two consortia and one domestic company registered for the Long Sơn LNG power plant project. The project has an estimated investment of VND 39.867 trillion, a planned capacity of 1,500 MW and a target start date of June 2031. Registration does not mean an investor has been selected.
Records released by Ho Chi Minh City's Department of Industry and Trade on the opening of investor registration documents show three applicants for the Long Sơn LNG power plant project: a consortium of T&T Group JSC and TotalEnergies Gaz & Electricite Holdings; a consortium of Power Generation Corporation 3 and AG&P Terminals & Logistics (Singapore) Pte. Ltd.; and Ngọc Long Hải Sơn Group JSC.
The project has an estimated investment of VND 39.867 trillion and a planned capacity of 1,500 MW. It is proposed for a site of about 42.56 hectares in Long Sơn Commune, Ho Chi Minh City. Under the plan, the plant will generate electricity from imported liquefied natural gas using combined-cycle gas turbines. It will connect to the 500 kV national grid and is expected to begin operating in June 2031.
T&T Group registered for the project with a company affiliated with France's TotalEnergies. On September 10, 2026, T&T Energy Group and TotalEnergies Gas & Power Activities exchanged a memorandum of cooperation in Paris. Under the agreement, TotalEnergies is expected to participate in developing the power plant and LNG infrastructure, supplying fuel and arranging financing. T&T will serve as a co-developer and help complete legal procedures in Vietnam.
The other consortium comprises power producer Power Generation Corporation 3 and LNG infrastructure company AG&P Terminals & Logistics (Singapore) Pte. Ltd. Phạm Ngọc Sơn, general director of the third applicant, Ngọc Long Hải Sơn Group JSC, said the company began studying and preparing for the project about 10 years ago. It has also proposed building a trunk gas pipeline to serve LNG projects in Vietnam.
Source: VietVance
